GD Awarded $163 M For Stryker Double-V Hull Production

General Dynamics Land Systems has been awarded a $163 million contract by the U.S. Army TACOM Life Cycle Management Command to convert 93 flat-bottom Stryker infantry combat vehicles to a newer, more survivable double-V hull (DVH) design. General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD).

The majority of work will be completed at the Anniston Army Depot in Anniston, Ala. , by U.S. government and General Dynamics Land Systems employees.  Additional work will be performed at General Dynamics locations in Lima, Ohio , and Scranton, Penn. The estimated delivery date for the Stryker DVH vehicles is March 2016 .

The Army partnered with General Dynamics in 2012, launching a Stryker DVH-exchange pilot program validating that Stryker flat-bottom variants can be quickly refurbished and reassembled as a new, more survivable DVH variant, at less cost than producing a new vehicle. General Dynamics and the Anniston Army Depot successfully completed the DVH pilot program in April 2013 and delivered 52 Stryker vehicles on time and under budget.

Source: General Dynamics Corporation (NYSE: GD)
Date: May 12, 2014