U.S. Army Awards General Dynamics $80 Million Abrams Tank System Technical Support Contracts
STERLING HEIGHTS, Mich. – The U.S. Army Tank-Automotive and Armaments Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), two contract modifications for Abrams Tank System Technical Support (STS) valued at a total of $79.7 million.
The awards will fund engineering studies on Abrams tanks to identify improvements and replace obsolete parts to maintain the tanks at high operational readiness rates.
The work will be performed with existing General Dynamics Land Systems employees in Sterling Heights, Michigan, through December 31, 2011.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,600 people worldwide and had 2006 revenues of $24.1 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at http://www.generaldynamics.com.
July 6, 2007
Contact: Karl G. Oskoian
Tel: (586) 825-7980
Email: oskoiank@gdls.com
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