US Army Awards GD $253 M for Stryker Logistic Support

(Sterling Heights, Mich., February 9, 2010) -- The U.S. Army TACOM Lifecycle Management Command recently awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), $253 million for contractor logistics support of the Stryker family of combat vehicles. Logistics support, vehicle resets and upgrades are a continuing portion of General Dynamics' combat systems-related business.

The contract, awarded January 28, 2010, funds contractor support of U.S. Army Stryker Brigade Combat Teams in the United States and overseas, including: ordering spare parts, managing a spare-parts warehouse, worldwide distribution of repair parts and completing maintenance services on the Stryker vehicle fleet. Work will be performed by existing General Dynamics employees in Alaska, Hawaii, Michigan, Pennsylvania, Texas, Washington, and overseas in Afghanistan, Germany, Iraq and Kuwait. The period of performance is March 1, 2010 through February 28, 2011.

Source : General Dynamics Corporation (NYSE: GD)