General Dynamics Awarded $62.5 Million for Abrams Integrated Management Materials
STERLING HEIGHTS, Mich. – The U.S. Army TACOM Life Cycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $62.5 million contract for the material associated with the production of 75 Abrams Integrated Management (AIM) tanks. Initial funding authorized under the contract was $31.25 million.
AIM is a joint effort to refurbish M1A1 Abrams main battle tanks involving the U.S. Army Project Manager for Combat Systems; the TACOM Lifecycle Management Command; its Anniston Army Depot, Anniston, Ala.; and General Dynamics Land Systems. Under the AIM program, M1A1 Abrams tanks are completely disassembled and overhauled to a like-new condition. Refurbished AIM tanks incur lower operational and support costs and report higher operational readiness rates.
Work will be performed in Lima, Ohio, and Eynon, Pa., by existing General Dynamics employees. The 75 AIM tanks are scheduled for delivery to U.S. Army units beginning in July 2006.
General Dynamics, headquartered in Falls Church, Va., employs approximately 70,100 people worldwide and had 2004 revenue of $19.2 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.
# # #
Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Tuesday, April 26, 2005
Press Contact: (586) 825-4610
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
