General Dynamics (ticker: GD, exchange: New York Stock Exchange (.N))
News Release -
General Dynamics Awarded USD $27 Million Contract to Supply RG-31 Mk5 Mine Protected Vehicles to the U.S. Army
LONDON, Ontario, Canada, Oct. 5 /PRNewswire-FirstCall/ -- The U.S. Army
Tank Automotive and Armaments Command (TACOM), in support of the Program
Executive Office for Combat Support and Combat Service Support (PEO CS&CSS),
has awarded a contract for USD$27.2 million to General Dynamics Land Systems-
Canada to provide 60 RG-31 Mk5 Mine Protected Vehicles, with an option for 34
additional vehicles. General Dynamics Land Systems, the Canadian company's
parent corporation, is a business unit of General Dynamics (NYSE: GD).
The contract was signed through the Canadian Commercial Corporation, a
Crown Agency of the Canadian Government. Under this contract, General
Dynamics Land Systems-Canada will provide the program management while BAE
Land Systems OMC of South Africa will manufacture the vehicles. Deliveries
will occur from January to April in 2007.
The RG-31 Mk5 is the latest version of the highly successful RG-31 family.
The Mk5 delivers a significant increase in power and payload to meet emerging
requirements. In service with forces around the world, the RG-31 is a highly
effective multi-role armored vehicle capable of a variety of military
applications. Offering enhanced mine blast resistance, as well as protection
against both improvised explosive devices and ballistic threats, these
vehicles will be used by the U.S. Army in support of ongoing activities.
General Dynamics Land Systems-Canada previously delivered 148 RG-31
vehicles to the U.S. Army in 2005 and will soon be completing delivery of 75
vehicles for the Canadian Forces. In addition, the vehicles have been
extensively used by NATO forces in the former Yugoslavia, as well as by the
United Nations in Lebanon, Georgia, Syria, Bosnia and Herzegovina, and Kosovo.
General Dynamics Land Systems-Canada, located in London, Ontario, Canada
is a business unit of General Dynamics Land Systems of Sterling Heights,
Michigan. For almost 30 years, more than 1,500 highly skilled technical
employees have designed, manufactured and delivered to global customers a
unique family of light armored vehicles (LAV). More information on the
company is available at http://www.gdlscanada.com.
General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 81,900 people worldwide and had 2005 revenue of $21.2 billion.
The company is a market leader in mission-critical information systems and
technologies; land and expeditionary combat systems, armaments and munitions;
shipbuilding and marine systems; and business aviation. More information can
be found online at http://www.generaldynamics.com.
SOURCE General Dynamics Land Systems-Canada
/CONTACT: Ray Lewis of General Dynamics, +1-703-876-3195, Fax:
+1-703-876-3270, or firstname.lastname@example.org/
/Web site: http://www.gdlscanada.com
CO: General Dynamics Land Systems-Canada; General Dynamics
ST: Canada, Michigan, Virginia
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6382 10/05/2006 10:00 EDT http://www.prnewswire.com