February 18, 2009 (FinancialWire) -- The U.S. Army Field Support Command at Rock Island, Ill., has awarded General Dynamics' (NYSE: GD) (Current Market Cap: US$20.34 Bil.) General Dynamics Ordnance and Tactical Systems unit two modifications totaling $20.4 million to an existing contract for the demilitarization of obsolete and excess ammunition. The latest awards bring the total contract value to date to $171 million.

General Dynamics Ordnance and Tactical Systems currently oversees the resource recovery and recycling of six types of obsolete U.S. Department of Defense ammunition.

To date, the company has demilitarized more than 110,000 tons of munitions through an environmentally friendly and safe process. About 95 percent of the processed materials have been recovered for re-use or recycling.

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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