U.S. Army Awards General Dynamics $27 Million Contract for Stryker Logistics Support
STERLING HEIGHTS, Mich. – The U.S. Army has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $27 million contract modification for contractor logistics support on deployed Stryker combat vehicles. This modification has a total potential value of $56 million.
This funding extends the Interim Contractor Logistics Support (ICLS) contract for the 172nd Stryker Brigade Combat Team deployed in support of Operation Iraqi Freedom, close-out support for the 172nd, and predeployment support for the 3rd Stryker Brigade Combat Team, 2nd Infantry Division. The initial ICLS contract was awarded in May 2002.
Work began March 1 and will be performed by existing General Dynamics employees in Fort Wainwright, Alaska; Sterling Heights, Mich.; Fort Lewis, Wash.; London, Ontario, Canada; Vilseck, Germany; Iraq; and Kuwait. Work is expected to be completed by February 28, 2007.
General Dynamics, headquartered in Falls Church, Va., employs approximately 72,200 people worldwide and had 2005 revenue of $21.2 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.
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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 - Wednesday, March 8, 2006
Press Contact: (586) 825-4610
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