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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 subject6/24/2004 3:56:11 PM
From: Savant  Read Replies (2) of 2062
 
RT-more Strykers ...U.S. Army Orders Vehicles to Complete Fourth Stryker Brigade

STERLING HEIGHTS, Mich., June 24 /PRNewswire-FirstCall/ -- The U.S. Army
yesterday added vehicles to complete a fourth brigade of Stryker wheeled
combat vehicles from General Dynamics Land Systems, a business unit of General
Dynamics (NYSE: GD). The additional order for 116 Stryker combat vehicles
(106 infantry carriers and 10 engineer squad vehicles) is valued at $163
million.
In March the Army ordered 212 vehicles, valued at $282.4 million, for the
fourth Stryker Brigade Combat Team. This new order tops-off the brigade's
Stryker vehicles and triggers a vehicle price provision with associated cost
savings to the U.S. government. Deliveries of the 328 vehicles will occur
between February 2005 and February 2006.
The vehicles are part of a $4 billion order awarded in November 2000 to
equip the Army's six new Stryker Brigade Combat Teams with more than 2,100
Stryker armored vehicles.
The Stryker Brigade Combat Teams will maneuver easily in close and urban
terrain, while providing protection in open terrain. Performance highlights
of the new vehicles include C-130 transportability; networked C4ISR
capability; integral 14.5mm armor protection and 152mm artillery airburst
protection; self-deployment and self-recovery capability; reduced vehicle
acoustic signature; ability to carry a nine-man infantry or engineer squad;
and bunker and wall breaching capability. These characteristics support a
force that can move rapidly as a cohesive combined-arms combat team, as
demonstrated by the Stryker Brigade's ongoing operations in Iraq.
The Army will have six Stryker Brigade Combat Teams by 2008. Stryker is
the Army's highest-priority production combat vehicle program and the
centerpiece of the ongoing Army Transformation. Significantly lighter and
more transportable than existing tanks and armored vehicles, Stryker fulfills
an immediate requirement to equip a strategically deployable (C-17/C-5) and
operationally deployable (C-130) brigade capable of rapid movement anywhere on
the globe in a combat-ready configuration.
Stryker is a family of eight-wheel drive combat vehicles than can travel
at speeds up to 62 mph on highways, with a range of 312 miles. It operates
with the latest C4ISR equipment as well as detectors for nuclear, biological
and chemical weapons. Stryker vehicle configurations include the nuclear,
chemical and biological reconnaissance vehicle; anti-tank guided missile and
medical evacuation vehicles; and carriers for mortars, engineer squads,
infantry squads, command groups, and fire support teams.
The Mobile Gun System, a separate variant, is armed with a General
Dynamics 105mm tank cannon in a low-profile, fully stabilized, "shoot on the
move" turret. It carries 18 rounds of NATO standard 105mm main gun
ammunition; 400 rounds of .50 caliber ammunition; and 3,400 rounds of 7.62mm
ammunition. The system, which began development in 2001, completed a series
of Force Development Exercises in February-March and a Limited User Test in
May. The Army is scheduled to approve the Mobile Gun System for Low Rate
Initial Production in September of this year.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 68,400 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, armaments and
munitions; shipbuilding and marine systems; and business aviation. More
information about the company can be found at generaldynamics.com.

SOURCE General Dynamics Land Systems
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