General Dynamics Awarded USD 60M for Abrams Tank Upgrades
The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems $60 million under an existing contract to continue upgrading M1A1 tanks to the M1A2 Systems Enhancement Package (SEP) V2 configuration. General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD).
The most technologically advanced digital tank, the M1A2 SEP V2 includes improved color displays, day and night thermal sights, commander remote operated weapon station (CROWS II), a Thermal Management System (TMS) and a tank-infantry phone. The M1A2 SEP V2 maximizes the fighting ability of the tank on today’s battlefield while preparing the platform for tomorrow’s challenges.
Armored Vehicles Market - Global Forecast to 2021
The original order was made under a multi-year contract awarded in February 2008, which authorized the upgrade of 435 M1A1 tanks that have been in the Army’s inventory for more than 20 years. General Dynamics is continuing the conversion of the tanks in the Army’s active component to the M1A2 SEP V2 configuration.
Work is expected to be completed by June of 2013 and will be performed by existing employees in Anniston, Ala.; Tallahassee, Fla.; Sterling Heights, Mich.; Lima, Ohio; and Scranton, Pa.
Source : General Dynamics Corporation (NYSE: GD)