Metal Storm Receives New Orders from General Dynamics
ARLINGTON, Va., Apr 27, 2004 (BUSINESS WIRE) -- Metal Storm Limited (MTSX) (ASX: MST) announced today that it has received new orders totaling US$538,000 from General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (GD), for its subsidiary ProCam to manufacture high precision assemblies to be used in tactical missile systems and helicopter airbags.
Metal Storm's Chief Executive Officer, Mr. Charles Vehlow stated, "These contracts highlight the high regard which General Dynamics and other defense contractors have for our capabilities and expertise in specialist manufacturing engineering."
About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 67,600 people worldwide and had 2003 revenues of US$16.6 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.
About Metal Storm
Metal Storm Limited is a defence technology company, employing 60 staff, headquartered in Brisbane, Australia and incorporated in the US, with offices in Washington DC and a defense engineering capability located in Seattle, operating as ProCam Machine LLC. The Company has invented 100% electronic ballistics technology that has no known conventional equivalent. Metal Storm is working with government agencies and departments, including the National Institute of Justice (US), the Missile Defense Agency (US), the US Navy and US Army to develop a variety of systems utilizing the Metal Storm non-mechanical, electronically fired stacked ammunition system. |
