GD Awarded $367 M to Produce Additional 177 Double-V-Hull Stryker Vehicles

The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE:GD), $367 million to produce and deliver an additional 177 Stryker combat vehicles equipped with double-V hulls (DVHs). The double-V hull was developed on an accelerated timeline to provide Stryker-borne soldiers increased protection from the effects of roadside mines and improvised explosive devices. Recent Army reports indicate that deployed vehicles with the new double-V-hull design are providing significantly increased protection and survivability to soldiers. This award, combined with previous orders for double-V-hulled Stryker vehicles, will provide the Army with the equivalent of two Stryker DVH brigade combat teams. Over 320 double-V-hulled Stryker vehicles have been produced so far, under a contract awarded in July 2010 for the production of 450 double-V-hull vehicles. Engineers and production workers at General Dynamics Land Systems conceived, engineered, manufactured and delivered the first operational vehicles to the Army in May 2011, about 14 months after the double-V hull concept was initially proposed to the Army. Deliveries will be completed by July 2013. Work on double-V-hulled Stryker vehicles is performed in Anniston, Ala., Lima, Ohio, and London, Ontario, Canada.
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Source: General Dynamics Corporation (NYSE: GD)
Date: Oct 26, 2011