EXHIBIT 99.1
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CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS
Statements herein regarding the proposed transaction between Anteon
International Corporation and General Dynamics Corporation, future financial
and operating results, benefits and synergies of the transaction, future
opportunities for the combined company and any other statements about future
expectations constitute forward looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements are based
upon current beliefs and expectations and are subject to significant risks and
uncertainties. There are a number of important factors that could cause actual
results or events to differ materially from those indicated by such forward
looking statements, including: the ability to obtain governmental approvals of
the transaction on the proposed terms and schedule and the failure of Anteon
International Corporation stockholders to approve the transaction. Additional
factors that may affect future results are contained in each company's filings
with the Securities and Exchange Commission ("SEC"), including each company's
Annual Report on Form 10-K for the year ended December 31, 2004, which are
available at the SEC's Web site http://www.sec.gov. The information set forth
herein speaks only as of the date hereof, and any intention or obligation to
update any forward looking statements as a result of developments occurring
after the date hereof is hereby disclaimed.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
In connection with the proposed transaction, Anteon International Corporation
plans to file with the SEC a Proxy Statement. INVESTORS AND SECURITY HOLDERS OF
ANTEON INTERNATIONAL CORPORATION ARE URGED TO READ THE PROXY STATEMENT AND ANY
OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY ARE AVAILABLE BECAUSE THEY
WILL CONTAIN IMPORTANT INFORMATION ABOUT ANTEON INTERNATIONAL CORPORATION, THE
PROPOSED TRANSACTION AND RELATED MATTERS. The final Proxy Statement will be
mailed to stockholders of Anteon International Corporation. Investors and
security holders of Anteon International Corporation will be able to obtain
copies of the Proxy Statement, when they become available, as well as other
filings with the SEC that will be incorporated by reference into such documents,
containing information about Anteon International Corporation, without charge,
at the SEC's Internet site (http://www.sec.gov). These documents may also be
obtained for free from Anteon International Corporation by directing a request
to Anteon International Corporation, Investor Relations, 3211 Jermantown Road,
Fairfax, Virginia 22030-2801 or at Anteon International Corporation's Investor
Relations page on its corporate website at www.anteon.com.
PARTICIPANTS IN SOLICITATION
Anteon International Corporation and its respective directors and executive
officers and other members of management and employees may be deemed to be
participants in the solicitation of proxies from Anteon International
Corporation's stockholders in respect of the proposed transaction. Information
regarding Anteon International Corporation's participants is available in Anteon
International Corporation's proxy statement, dated April 22, 2005, for its 2005
annual meeting of stockholders, which is filed with the SEC. Additional
information regarding the interests of such participants will be included in the
Proxy Statement to be filed with the SEC.
GENERAL DYNAMICS
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Acquisition of
Anteon International Corporation
Investor Presentation
New York City
NICHOLAS D. CHABRAJA
DECEMBER 14, 2005
FORWARD-LOOKING STATEMENT
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GENERAL DYNAMICS CAUTIONS THAT "FORWARD-LOOKING STATEMENTS" IN THIS PRESENTATION
AS TO FUTURE RESULTS OF OPERATIONS AND FINANCIAL PROJECTIONS REFLECT THE
COMPANY'S VIEWS, BUT ARE NECESSARILY SUBJECT TO RISKS AND UNCERTAINTIES, AND NO
ASSURANCES CAN BE GIVEN THAT SUCH EXPRESSED OR IMPLIED RESULTS WILL BE ACHIEVED.
A MORE COMPLETE EXPRESSION OF THESE RISKS AND UNCERTAINTIES IS CONTAINED IN THE
COMPANY'S FILINGS WITH THE SECURITIES AND EXCHANGE COMMISSION, AND YOU ARE
ENCOURAGED TO REVIEW THESE FILES, OF WHICH THE FORM 10-K AND FORMS 10-Q MAY BE
OF PARTICULAR INTEREST.
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GENERAL DYNAMICS 2 DECEMBER 14, 2005
ANTEON INTERNATIONAL CORPORATION ACQUISITION
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TOTAL VALUE = $2.2 BILLION
o $55.50 PER SHARE IN CASH + $100 MILLION NET DEBT
o SUBJECT TO ANTEON SHAREHOLDER VOTE AND NORMAL REGULATORY APPROVALS
o EXPECTED TO CLOSE IN 2Q 2006
o ACCRETIVE TO EARNINGS
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GENERAL DYNAMICS 3 DECEMBER 14, 2005
ANTEON OVERVIEW
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o PRIME ON ~ 85% OF CONTRACTS
o TOTAL BACKLOG ~ $6.6 BILLION
o 9,500 EMPLOYEES
-> 6,200 employees hold a security clearance
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GENERAL DYNAMICS 4 DECEMBER 14, 2005
ANTEON FINANCIAL OBJECTIVES
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o ESTIMATES FOR 2006:
-> SALES ~ $1.72 BILLION
-> EBITDA ~ $170 MILLION
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GENERAL DYNAMICS 5 DECEMBER 14, 2005
GENERAL DYNAMICS-ANTEON TRANSACTION METRICS
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o PRICE / ESTIMATED 2006 SALES ~ 1.3 X
o PRICE / ESTIMATED 2006 EBITDA ~ 13.1 X
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GENERAL DYNAMICS 6 DECEMBER 14, 2005
SUPERB FIT WITH GENERAL DYNAMICS IS&T
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o COMBINATION GENERATES THE BREADTH AND SCALE NEEDED TO MEET EXPANDING
MISSION REQUIREMENTS
o COMMON CULTURE:
-> Strong focus on customer
-> Commitment to employees
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GENERAL DYNAMICS 7 DECEMBER 14, 2005
ANTEON COMPETENCIES COMPLEMENT IS&T
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o HIGH-END SKILLS COMPLEMENT
GENERAL DYNAMICS' CAPABILITIES
-> Enterprise architecture
-> Integration and application development
-> Modeling, simulation and training
-> Life cycle support and outsourcing
o 90% OF REVENUE COMES FROM DEFENSE, INTELLIGENCE AND HOMELAND
SECURITY CUSTOMERS
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GENERAL DYNAMICS 8 DECEMBER 14, 2005
COMBINATION ENHANCES IS&T GROWTH POTENTIAL
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o PROVIDES SOLID GROWTH POTENTIAL IN IT SERVICES AND C4ISR
o BRINGS DOMAIN EXPERTISE IN MISSION IT SOLUTIONS
-> Mission IT bridges the gap between General Dynamics'
Enterprise IT services and C4ISR
o GIVES CUSTOMERS AN ADDITIONAL FIRST TIER PROVIDER
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GENERAL DYNAMICS 9 DECEMBER 14, 2005
ANTEON CUSTOMER BASE COMPLEMENTS IS&T
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o EXTENDS GENERAL DYNAMICS REACH WITHIN:
-> DEPARTMENT OF DEFENSE
(39% SALES FROM NAVY; 28% FROM ARMY)
-> INTELLIGENCE COMMUNITY
-> HOMELAND SECURITY AGENCIES
-> NATIONAL MISSILE DEFENSE PROGRAM
-> LOGISTICS MODERNIZATION
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GENERAL DYNAMICS 10 DECEMBER 14, 2005
GD + ANTEON = SEAMLESS EDGE TO EDGE IT
From the Strategic, Sustaining Base to the Battlefield
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---------------- ----------- ---------------------------------------
Enterprise IT Mission IT C4ISR
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GENERAL DYNAMICS GENERAL DYNAMICS
GENERAL DYNAMICS Advanced Information Systems C4 Systems
Network Systems ANTEON
PEOPLE AND PROCESS ------------------------------------------------------------------------------------------------
SYSTEMS WARFIGHTER
o BUSINESS CONSULTING BUSINESS PROCESS DEVELOPMENT TACTICS,
o SYSTEMS REQUIREMENTS ANALYSIS REENGINEERING SUPPORT TECHNIQUES &
PROCEDURES
SOFTWARE ----------------------------------------------------------------------------------------------------------
o INSTALLATION ANALYSIS TOOLS
o DEVELOPMENT ENTERPRISE TRAINING COMMAND &
o INTEGRATION APPLICATIONS MODELING & CONTROL
SIMULATION APPLICATIONS
EQUIPMENT & NETWORKS ----------------------------------------------------------------------------------------------
o DESIGN & ENGINEERING NETWORK INFRASTRUCTURE RESTRICTED BATTLESPACE
o INTEGRATION & PROJECT MANAGEMENT LANS, WANS, SANS NETWORKS COMMUNICATIONS
o EQUIPMENT & INFRASTRUCTURE SYSTEMS
IT MANAGEMENT & OUTSOURCING ---------------------------------------------------------------------------------------
o MAINTENANCE & LOGISTICS
o STAFFING & HELP DESK IT SUPPORT CONTRACTOR
o SOFTWARE HOSTING & BUSINESS HELP DESK LOGISTICS SUPPORT INTEGRATED BATTLESPACE
PROCESS OUTSOURCING SYSTEMS LOGISTICS LOGISTICS SUPPORT
o NETWORK OPERATIONS ADMINISTRATION MODERNIZATION
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GENERAL DYNAMICS 11 DECEMBER 14, 2005
GENERAL DYNAMICS
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THIS ANNOUNCEMENT IS NEITHER A SOLICITATION OF A PROXY, AN OFFER TO PURCHASE,
NOR A SOLICITATION OF AN OFFER TO SELL SHARES OF ANTEON INTERNATIONAL
CORPORATION. ANTEON INTERNATIONAL CORPORATION WILL FILE AND DELIVER ALL PROXY
STATEMENTS, AND ANTEON INTERNATIONAL CORPORATION AND GENERAL DYNAMICS
CORPORATION WILL FILE AND DELIVER ALL OTHER FORMS, NOTICES AND DOCUMENTS
REQUIRED UNDER STATE AND FEDERAL LAW WITH RESPECT TO THE MERGER. ANTEON
INTERNATIONAL CORPORATION WILL BE FILING PRELIMINARY PROXY MATERIALS WITH THE
SECURITIES AND EXCHANGE COMMISSION. UPON EXPIRATION OF THE WAITING PERIOD
REQUIRED UNDER THE FEDERAL SECURITIES LAWS TO PERMIT THE SEC TO REVIEW AND
COMMENT UPON THE PRELIMINARY PROXY MATERIALS, ANTEON INTERNATIONAL CORPORATION
WILL CALL A SPECIAL MEETING OF ITS STOCKHOLDERS TO VOTE ON THE MERGER AND WILL
FILE WITH THE SEC AND MAIL THE DEFINITIVE PROXY MATERIALS TO ITS STOCKHOLDERS.
THE DEFINITIVE PROXY MATERIALS WILL CONTAIN IMPORTANT INFORMATION REGARDING THE
MERGER, INCLUDING, AMONG OTHER THINGS, THE RECOMMENDATION OF ANTEON
INTERNATIONAL CORPORATION'S BOARD OF DIRECTORS IN RESPECT OF THE MERGER.
STOCKHOLDERS OF ANTEON INTERNATIONAL CORPORATION ARE ADVISED TO READ THE
DEFINITIVE PROXY MATERIALS, INCLUDING THE PROXY STATEMENT AND THE AGREEMENT AND
PLAN OF MERGER, BEFORE MAKING ANY DECISIONS REGARDING THE MERGER. COPIES OF THE
DEFINITIVE PROXY MATERIALS, AND ANY AMENDMENTS OR SUPPLEMENTS THERETO, MAY BE
OBTAINED WITHOUT CHARGE AT THE SEC'S WEBSITE AT WWW.SEC.GOV OR AT ANTEON
INTERNATIONAL CORPORATION'S WEBSITE AT WWW.ANTEON.COM AS THEY BECOME AVAILABLE.
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GENERAL DYNAMICS 12 DECEMBER 14, 2005