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General Dynamics awarded $7 Million for Saudi tank work

Sep 26, 2009 (Al-Bawaba via COMTEX) -- By Al-Bawaba Reporters

Company: General Dynamics Corp. (GD)

General Dynamics Land Systems has been awarded a $7 million contract to continue to design the new Saudi M1A2 (M1A2S) Abrams tank for the Kingdom of Saudi Arabia. The Foreign Military Sales (FMS) contract for design logistics was awarded by the U.S. Army TACOM Lifecycle Management Command for the Royal Saudi Land Forces. General Dynamics Land Systems is a business unit of General Dynamics (NYSE:GD).

This contract is an addition to a $58 million contract awarded to General Dynamics in 2008 to design, develop, convert, implement and test a hybrid configuration of the M1A1, M1A2 and M1A2 System Enhancement Package (SEP) tank variants. The M1A2S vehicles will possess defined capabilities that increase lethality while limiting obsolescence. The work will be performed in Sterling Heights.

(C) 2009 Mena Report (www.menareport.com)

Copyright (C) 2009 Al-Bawaba. All rights reserved

News Provided by COMTEX

Company: General Dynamics Corp. (GD)


Related terms: army, business, contract, military, nyse, sales, saudi arabia, sterling

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