General Dynamics Armament and Technical Products unit will receive a $17 million contract from The Boeing Co. to produce components and spare parts for Boeing's C-17 Globemaster III aircraft.
General Dynamics Armament and Technical Products and Boeing have been working on composites for the aircraft for 20 years.
Work will begin in December 2011 at General Dynamic's plant in Marion, Va. Deliveries are scheduled for February 2012.
General Dynamics shares rose 47 cents to $64.40 in late afternoon trading