GD Awarded $67 M by U.S. Army for Hydra-70 Rocket Program
General Dynamics Armament and Technical Products recently was awarded a $67.5 million contract by the U.S. Army for the production of Hydra-70 air-to-ground rockets. Hydra rockets can be mounted on most helicopters and some fixed wing aircraft and employ a variety of warheads to meet a wide range of mission requirements for all branches of the U.S. military and select allies.
The Army Contracting Command in Redstone Arsenal, Ala., awarded the contract. Deliveries under this order are expected to be completed by the end of 2015. This contract is a modification to a previously awarded contract and that the cumulative value of General Dynamics' Hydra rocket work to more than $1 billion.
"General Dynamics has been the system integrator for the production of Hydra rockets since 1996," said Steve Elgin, vice president and general manager of armament systems. "As a low-risk, high-quality supplier, we work closely with the Army to deliver a weapon that is affordable and reliable in action."
The Global Missiles and Missile Defense Systems Market 2015-2025
Source : GENERAL DYNAMICS