Monday, December 14, 2009

General Dynamics Awarded $110 Million for Procurement of Foundry Services

General Dynamics Awarded $110 Million for Procurement of Foundry Services
December 14, 2009 3:19:02 PM

FAIRFAX, Va., -- General Dynamics Advanced Information Systems has been awarded a contract by Charles Stark Draper Laboratory to produce integrated circuits for the U.S. Navy's TRIDENT II (D5) submarine-launched ballistic missile program. This is a three-year contract with a total potential value of $110 million including the pre-priced options. General Dynamics Advanced Information Systems is a business unit of General Dynamics (NYSE: GD).

The contract is part of the Navy's TRIDENT Life Extension Electronic Parts Program (LEEPP). The program is designed to extend the service life of the TRIDENT submarine and the TRIDENT II (D5) missile. General Dynamics is also providing circuit card assemblies for the TRIDENT (D5) missile and guidance systems. Taking advantage of foundry economies of scale, General Dynamics' approach is creating cost savings for the TRIDENT II ballistic missile program.

The principle subcontractor to General Dynamics for the wafer foundry services is Honeywell International and work will be performed at its Plymouth, Minn., facility. Honeywell's fabrication process produces integrated circuits with superior performance in harsh radiation
environments, as required in the TRIDENT missile and other space applications. Honeywell has been certified and accredited by the U.S. Department of Defense as a Category 1A Trusted Foundry.

"In partnership with Charles Stark Draper Laboratory and Honeywell International, General Dynamics is providing the U.S. Navy with cost-effective, consistent support," said Lou Von Thaer, president of General Dynamics Advanced Information Systems. "With this award, we will continue to deliver cost savings and increased capabilities to the Navy."

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