GD Awarded $188 M for Abrams Tank Production
General Dynamics Land Systems has been awarded $187.5 million for conversion of 44 M1A1 and 40 M1A2 Abrams tanks to the Saudi M1A2 (M1A2S) configuration for the Kingdom of Saudi Arabia. The Foreign Military Sales contract was awarded by the U.S. Army TACOM Life Cycle Management Command on behalf of the Royal Saudi Land Forces.
This new contract continues work started in 2008 to update M1A1 and M1A2 tanks to the M1A2S configuration for the Kingdom of Saudi Arabia. The M1A2S conversion increases the efficiency and capability of the tank.
Military Ground Vehicle Maintenance, Repair & Overhaul (MRO) Market 2015-2025
The work will be performed by current employees at the Joint Systems Manufacturing Center in Lima, Ohio, with an estimated completion date of March 2015.
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Source : General Dynamics Corporation (NYSE: GD)