GD Awarded $67 M by Peruvian MoD for LAVs
The Peruvian Ministry of Defence has awarded a USD$67 million contract to General Dynamics Land Systems-Canada for 32 Light Armoured Vehicles (LAVs) for the Peruvian Marines. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).
The contract was signed through the Canadian Commercial Corporation, a Crown corporation of the Government of Canada .
Military Ground Vehicle Maintenance, Repair & Overhaul (MRO) Market 2015-2025
Vehicles provided under this contract will be personnel carrier variants of the LAV II family of vehicles with amphibious capability. Included in the contract is a complete logistics support package. Deliveries will commence by mid-2015.
Danny Deep , vice-president of General Dynamics Land Systems-Canada, said, "We are proud to have been selected by the Peruvian Marines to meet their armoured vehicle requirement and look forward to establishing a long-term relationship with this very important customer."
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Source : General Dynamics Corporation (NYSE: GD)