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General Dynamics Wins $33 Million Iraq Tank Contract

March 11, 2009 (FinancialWire) -- General Dynamics' (NYSE: GD) General Dynamics Land Systems unit has been awarded a contract worth $33 million to purchase long-lead materials for the production of 140 M1A1 SA, or "Situational Awareness," tanks for the Iraq program.

The SA enhancements to the M1A1 for Iraq include a second generation FLIR thermal site, Tank Urban Survivability enhancements and a driver's vision-enhancing thermal viewer. The tanks will also be equipped with the Tiger engine, the Pulse Jet System, and embedded diagnostics.

General Dynamics said that the Tiger engine has a monitoring system that is able to identify and alert the crew if there are potential issues with the tank.

The 140 tanks will be manufactured in Lima, Ohio, by existing General Dynamics employees.

Falls Church, Virginia-based General Dynamics employs around 92,300 people worldwide. The company is engaged in business aviation, land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems and information systems and technologies.

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