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General Dynamics Awarded US$64 Million for Missile Systems by Spanish Army
MADRID, Spain, January 28 /PRNewswire/ -- General Dynamics European Land Systems announces that its General Dynamics Santa Barbara Sistemas operations in Spain has signed a US$64 million (approximately 44 million Euros) contract with the Spanish Army for the supply of Air Land (ER) Spike Missile Systems for the HAD Tiger helicopters. The contract calls for the manufacture of 44 launchers and 200 missiles for the HAD Tiger helicopters. In addition, General Dynamics Santa Barbara Sistemas will provide integrated logistics support (ILS). Work is expected to be completed by 2012. General Dynamics Santa Barbara Sistemas, the prime contractor, has an agreement with the Israeli company RAFAEL for the manufacture of the systems. In 2006, the two companies signed a contract for the supply of Spike Missiles to Spanish Army ground forces. The initial contract was for US$424.5 million. General Dynamics European Land Systems, headquartered in Vienna (Austria) is a business unit of General Dynamics Corporation (NYSE: GD), and conducts business through four European operating sites located in Spain, Germany, Austria, and Switzerland. With more than 3,250 highly skilled technical employees, the company designs, manufactures and delivers wheeled, tracked, and amphibious vehicles, armaments and munitions to a variety of global customers. General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide and anticipates 2007 revenues of more than US$27 billion. More information about the company is available online at www.generaldynamics.com. Web site: http://www.generaldynamics.com
