General Dynamics Awarded $137 Million for Stryker Vehicles and Parts
STERLING HEIGHTS, Mich. – The U.S. Army has placed a $127 million order for 103 additional Stryker wheeled combat vehicles from General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD). This order increases the Army’s fiscal year 2006 Stryker procurement to a total of 409 vehicles.
Work will be performed in Anniston, Ala.; Lima, Ohio; and London, Ontario, Canada, by existing General Dynamics employees.
Additionally, the U.S. Army awarded General Dynamics a $9.5 million contract modification to procure additional parts for Stryker vehicle battle damage repair. Work will be performed in Sterling Heights, Mich., and London, Ontario, Canada.
Stryker, a family of eight-wheel-drive combat vehicles that can travel at speeds up to 62 mph on highways with a range of 312 miles, is the Army’s highest-priority production combat vehicle program and the centerpiece of the ongoing Army Transformation. Stryker operates with the latest C4ISR equipment and an integrated armor package protecting soldiers against improvised explosive devices, rocket propelled grenades, and a variety of infantry weapons. Stryker’s current combined fleet operational readiness rate is 96 percent with more than 6 million miles accumulated through two completed Operation Iraqi Freedom rotations.
The U.S. Army placed an FY06 order for 306 Strykers wheeled combat vehicles in April. To date, General Dynamics has delivered more than 1,500 Strykers to the U.S. Army.
Significantly lighter and more transportable than existing tanks and armored vehicles, Stryker fulfills an immediate requirement to equip a strategically deployable (C-17/C-5) and operationally deployable (C-130) brigade capable of rapid movement anywhere on the globe in a combat-ready configuration. Stryker Brigade Combat Teams have operated with “historically high” mission availability rates in Iraq since October 2003, demonstrating the value of a force that can move rapidly as a cohesive and networked combined-arms combat team.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 72,700 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. More information can be found online at www.generaldynamics.com.
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July 5, 2006
Contact: Rae Higgins
Tel: (586) 825-4610
Email: higginra@gdls.com
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