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.


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(END) Dow Jones Newswires

October 02, 2020 10:35 ET (14:35 GMT)

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