General Dynamics Awarded $43 Million for Stryker, Abrams Parts
STERLING HEIGHTS, Mich. – The U.S. TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), $43 million for parts for Stryker combat vehicles and Abrams main tanks.
The Army awarded $33 million to buy long-lead materials to repair Strykers damaged in battle. Stryker is a family of eight-wheeled combat vehicles, available in ten variants, that has been proven effective by the U.S. Army and the National Guard for defense and disaster-response missions. Work will be performed in Sterling Heights and in London, Ontario, Canada. It is expected to be completed by December 2008.
The Army also awarded $10 million to General Dynamics to buy spare parts for Abrams M1A2 tanks equipped with the Systems Enhancement Package (SEP). The M1A2 SEP digitized platform is the most technologically advanced Abrams tank. It features a sophisticated command and control system, second-generation thermal sights and improved armor. Work will be performed in Tallahassee, Fla., and Lima, Ohio, and will be completed by June 2009.
General Dynamics, headquartered in Falls Church, Va., employs approximately 82,900 people worldwide and anticipates 2007 revenues of approximately $27 billion. The company has leading market positions in mission critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at www.generaldynamics.com.Sept. 21, 2007
Contact: Rae Higgins
Tel: (586) 825-4610
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