GD Awarded $10 M to Produce MK19 Grenade Machine Guns

(Charlotte, N.C., July 1, 2009) -- General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), has been awarded a $10 million contract extension by U.S. Army TACOM-ARDEC for the production of MK19 grenade machine guns. Deliveries are expected to begin in April 2010 and will be completed in July 2012. This award brings the total contract value to date to over $67 million.

According to General Dynamics Armament and Technical Products gun systems program manager, Jeffrey Gramse, "The MK19 has been in service for over 20 years, providing lethal fire against a variety of targets. The weapon's high lethality and broad versatility gives the U.S. Armed Forces an essential weapon for use in both offensive and defensive operations."

Source : General Dynamics Corporation (NYSE: GD) - click here for more information