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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction
ATCO 15.480.0%Mar 28 5:00 PM EST

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To: SunAge who started this subject4/2/2002 10:39:20 AM
From: Savant   of 2062
 
RT--Future Combat Systems//General Dynamics Leads Team to Compete for Army's Future Combat Systems


Team Includes Northrop Grumman, Raytheon, United Defense, and ITT

FALLS CHURCH, Va., Jan. 17 /PRNewswire-FirstCall/ -- General Dynamics
(NYSE: GD) will lead a team that combines the strengths of Northrop Grumman
(NYSE: NOC), Raytheon (NYSE: RTN), United Defense Industries (NYSE: UDI) and
ITT Industries (NYSE: ITT) to compete for the lead systems integration role on
the U.S. Army's Future Combat Systems. The Future Combat Systems program will
be the core of the Army's next-generation warfighting force.
"This is a strong and innovative team, and it has the concept, the
technologies, and the talent to deliver Future Combat Systems to the Army in
2010 -- without a pause, right on schedule," said General Dynamics chairman
and CEO Nicholas D. Chabraja. "The team is already operating in the lead
systems integrator model, and we've merged two independent approaches to
Future Combat Systems into a coherent concept. It's achievable and affordable
within the decade.
"Northrop Grumman brings formidable expertise in radars, unmanned air
vehicles, intelligence, surveillance and reconnaissance," said Chabraja.
"Raytheon is applying its unparalleled experience in modeling and simulation,
missiles, non-lethal effects and sensors. United Defense is responsible for
ground platforms, survivability, guns and life cycle support. ITT is focusing
on communications and networking.
"We will design Future Combat Systems enabling the Army to employ lighter,
more mobile and survivable forces that can fight and win. We know how to
manage risk -- and we will help the Army to truly transform warfighting at an
affordable cost," Chabraja said.
"Future Combat Systems will have the full support of General Dynamics,
including its Information Systems and Technology group and its Combat Systems
group," Chabraja said. "This provides broad expertise in C4ISR (command,
control, communication, computers, intelligence, surveillance and
reconnaissance) and open architecture networks, as well as robotics, complex
large-scale systems and software integration. In addition, General Dynamics
will provide seasoned program management and integration of the 'system of
systems.'"
"We understand what the Army is seeking," said Chabraja. "We have
assembled a world-class team to make Future Combat Systems a reality in this
decade."

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 52,000 people worldwide and anticipates 2001 sales of
$12 billion. The company has leading market positions in combat systems,
information systems, shipbuilding and marine systems, and business aviation.
More information about the company can be found at
generaldynamics.com .

Northrop Grumman Corporation is a global defense company with headquarters
in Los Angeles. Northrop Grumman provides technologically advanced,
innovative products, services and solutions in defense and commercial
electronics, systems integration, information technology and nuclear and non-
nuclear shipbuilding and systems. With nearly 100,000 employees and
operations in 44 states and 25 countries, Northrop Grumman serves U.S. and
international military, government and commercial customers. The company's
website is northropgrum.com .

With headquarters in Lexington, Mass., Raytheon Company is a global
technology leader in defense, government and commercial electronics, and
business and special mission aircraft. The company's website is
raytheon.com .

United Defense is a leader in the design, development and production of
combat vehicles, artillery, naval guns, missile launchers and precision
munitions used by the U.S. Department of Defense and its allies around the
world. The company's 5,300 employees are recognized for their outstanding
research and development efforts in key technologies, the development of
combat system operating software, and for highly efficient manufacturing
processes. The company's website is uniteddefense.com .

ITT Industries, Inc. supplies advanced technology products and services in
key markets including: electronic interconnects and switches; defense
communication, opto-electronics, information technology and services; fluid
and water management and other industrial products. In addition to the New
York Stock Exchange, ITT Industries stock is traded on the Midwest, Pacific,
London, Paris and Frankfurt. The company's website is itt.com .

MAKE YOUR OPINION COUNT - Click Here
tbutton.prnewswire.com

SOURCE General Dynamics

/CONTACT: Norine Lyons of General Dynamics, +1-703-876-3190,fax:
+1-703-876-3186, or nlyons@generaldynamics.com/

/Company News On-Call: prnewswire.com

/Web site:
generaldynamics.comhttp://www.northropgrum.comhttp://www.raytheon.com
uniteddefense.comhttp://www.itt.com/

Jan-17-2002 22:24 GMT
Symbols:
US;GD US;NOC US;RTN US;UDI US;ITT
Source PRN PR NewsWire
Categories:
NWR/VA NWR/CA NWR/MA NWI/ARO NWI/CPR NWI/STW MST/R/US/VA MST/R/US/CA
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