Wednesday, November 4, 2009

General Dynamics, Raytheon in $17M gun system deal

By Mass High Tech staff

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General Dynamics Armament and Technical Products has won a $17 million contract from Raytheon Missile Systems to build gun systems for the Phalanx Block 1B Close-In Weapon System and the Centurion Land-Based Phalanx Weapon System. Charlotte, N.C.-based General Dynamics Armament and Technical Products is a division of General Dynamics Corp. (NYSE: GD) of Falls Church, Va.

The contract brings gun system manufacturing work to General Dynamics’ Saco, Maine, facility; program management work to its Burlington, Vt., Technology Center; and testing to the company’s Jericho, Vt.-based Ethan Allen Firing Range.

The Phalanx is an autonomous, radar-directed, 20 mm Gatling-gun system used against threats including anti-ship missiles, aircraft, high-speed watercraft and other air and surface threats.

The Centurion setup is designed to intercept and destroy rocket, artillery and mortar threats.

General Dynamics employs approximately 92,300 people worldwide. The defense contractor reported a 2008 net income of $2.46 billion on revenue of $29.3 billion.