Tuesday, September 2, 2008

General Dynamics Awarded $47 Million for MRAP Vehicle Support

September 2, 2008
General Dynamics Awarded $47 Million for MRAP Vehicle Support

STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has been awarded contracts worth $47 million by Force Protection Inc. to provide supplies and support for the U.S. Marine Corps’ Mine Resistant Ambush Protected (MRAP) vehicle program.

Work under these contracts will be performed in Anniston and Oxford, Ala.; Charlotte, Mich.; Ladson, S.C.; Lima, Ohio; Kings Point, N.C.; and Sealy, Texas.

Force Protection (NASDAQ: FRPT) and General Dynamics participate in a joint venture to share MRAP production and program management under contracts with the Marines.

Force Protection manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to www.forceprotection.net.

General Dynamics, headquartered in Falls Church, Va., employs approximately 84,600 people worldwide and anticipates 2008 revenues of approximately $29.5 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. More information about the company is available on the Internet at www.generaldynamics.com.

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