General Dynamics Unit Gets $1.22 Billion U.S. Army Contract
By Chris Wack
General Dynamics Land Systems, a business unit of General
Dynamics, said Friday received a $1.22 billion contract to produce,
test and deliver Interim Maneuver Short-Range Air Defense systems
to the U.S. Army.
The company said the Army's initial order on the contract calls
for 28 Stryker IM-SHORAD vehicles for $230 million.
The IM-SHORAD is designed to counter threats from unmanned
aerial systems and other rotary and fixed-wing aircraft, and
provides a common Army platform that is cost-effective, highly
mobile, survivable, sustainable and transportable.
Work locations and funding will be determined with each order,
with an estimated completion date of Sept., 30, 2025. GD Land
Systems has production locations in Tallahassee, Fla., Scranton,
Penn., London, Ontario, Lima, Ohio, and Anniston, Ala.
Write to Chris Wack at firstname.lastname@example.org
(END) Dow Jones Newswires
October 02, 2020 10:35 ET (14:35 GMT)
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