General Dynamics Acquires Chamberlain Manufacturing Operations

FALLS CHURCH, Va., July 7 /PRNewswire-FirstCall/ -- General Dynamics (NYSE: GD) has completed its acquisition of the Scranton, Penn., division of Chamberlain Manufacturing Corporation, a wholly-owned subsidiary of Elmhurst, Ill.-based Duchossois Industries, Inc. Plans for the acquisition were announced May 17; terms were not disclosed. The acquisition is immediately accretive to General Dynamics.

The organization, which will be known as General Dynamics Ordnance and Tactical Systems-Scranton Operations, has approximately 400 employees and is a leading supplier of large-caliber projectile metal parts to the U.S. government, including forged bodies for 105mm artillery, 120mm mortars and 155mm artillery ammunition. St. Petersburg, Fla.-based General Dynamics Ordnance and Tactical Systems is a world leader in the manufacture of large- and medium-caliber direct- and indirect-fire munitions, bomb bodies and Ball Powder(R) propellant, as well as precision metal components, shaped-charge warheads and control actuator systems.

Michael S. Wilson, president of General Dynamics Ordnance and Tactical Systems, said, "This acquisition will provide tangible benefits for our armed forces customers and will allow us to expand our capabilities in large-caliber ammunition manufacturing, one of our core focus areas."

General Dynamics Ordnance and Tactical Systems-Scranton Operations will become part of the Large Caliber Ammunition strategic business unit of General Dynamics Ordnance and Tactical Systems.

Duchossois Industries, Inc., is a privately held diversified operating company with interests in access control, advanced control and automation and entertainment.

General Dynamics, headquartered in Falls Church, Va., employs approximately 72,700 people worldwide and had 2005 revenue of $21.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information can be found at http://www.generaldynamics.com.

This press release contains certain forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Actual future results and trends may differ materially from what is forecast in forward-looking statements.

Web site: http://www.generaldynamics.com//


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