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General Dynamics Awarded $23 Million Modification to Previously Awarded Canadian LAV III Contract

LONDON, Ontario, Aug. 23 /CNW/ -- The Canadian Department
of National Defence has awarded a $22.85 million CAD (approx. $17.36 million
USD) modification to a previously awarded contract for LAV III vehicles to
General Dynamics Land Systems - Canada.
Under this contract modification, General Dynamics Land Systems - Canada
will manufacture 33 LAV III TOW Under Armour vehicles equipped with
refurbished and upgraded Kvaerner Eureka Armoured Launching Turrets. TOW is a
Tube-launched Optically-tracked Wire-guided anti-tank missile used by the
Canadian forces to defeat tanks and armored vehicles. The under armour system
allows the soldier to track targets and fire the TOW missile from inside the
LAV III where he is protected from bullets and shrapnel. Deliveries will take
place between September 2005 and May 2006.

General Dynamics Land Systems - Canada, located in London, Ontario, Canada
is a business unit of General Dynamics Land Systems of Sterling Heights,
Michigan. For more than 25 years, approximately 1500 highly skilled technical
personnel (Including Stewart Loy of MLU Forum fame)design, manufacture and deliver a unique family of light armoured
vehicles (LAV). More information on the company is available at
http://www.gdlscanada.com.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 69,400 people worldwide and anticipates 2004 revenue of $19
billion. The company is a market leader in mission critical information
systems and technologies; land and expeditionary combat systems; shipbuilding
and marine systems; and business aviation. More information about the company
can be found at http://www.generaldynamics.com.