General Dynamics Awarded $48 Million Contract for F-22 Raptor Components
Published: Wed Sep 5th, 2007Source: www.generaldynamics.com
CHARLOTTE, N.C. – General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a $48 million multi-year contract by Lockheed Martin Aeronautics Company to produce components of the F-22 Raptor fighter aircraft. The multi-year contract includes an initial release of $12 million in funding for production. Deliveries will begin in October 2007.Production and program management will be performed at General Dynamics’ Advanced Materials facility in Marion, Va. General Dynamics also produces the 20mm ammunition handling feed system for the F-22 at its Saco, Maine, facility.
General Dynamics Armament and Technical Products, located in Charlotte, N.C., provides a broad range of system solutions for military and commercial applications. The company designs, develops and produces high-performance armament systems; a full range of advanced products; biological and chemical detection systems; and mobile shelter systems. More information about General Dynamics Armament and Technical Products can be found on the World Wide Web at www.gdatp.com.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide and had 2006 revenues of $24.1 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
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