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Thursday, Nov 26, 2015

GD Awarded $395 M for Egyptian Abrams Tank-Related Work

Sterling Heights, Mich. - The U.S. TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $395 million contract for work under the Egyptian tank co-production program. The contract funds the production of 125 M1A1 Abrams tank kits for the eleventh increment of the Egyptian co-production program.

Since 1992, General Dynamics has provided components for kits used in the co-production program. The parts are shipped to a production facility near Cairo, Egypt, where the tanks are manufactured for the Egyptian Land Forces. This latest increment will increase the number of Egyptian co-production-built tanks to 1,130.

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Source : General Dynamics Corporation (NYSE: GD)

Published on ASDNews: Nov 18, 2011


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