General Dynamics awarded $23 million contract from Spirit AeroSystems for composite winglets

General Dynamics Armament and Technical Products, a business unit of General Dynamics (NYSE: GD), was awarded a $23 million contract by Spirit AeroSystems in Tulsa, Okla., to produce winglets for commercial business-jet aircraft.

General Dynamics Armament and Technical Products will produce and deliver composite winglets to Spirit AeroSystems, which then will assemble them onto wings for delivery. Production of the winglets will begin immediately at the company's Marion, Va., facility, with deliveries starting in the third quarter of 2012.

"This production contract highlights the advanced composite capabilities and aerostructures experience General Dynamics brings to its customers in the commercial aerospace market," stated Jim Losse, vice president and general manager of the company's advanced materials operation.