GD Awarded $50 M for Abrams Tank Production
The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems $49.7 million under an existing contract to upgrade M1A1 Abrams 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.
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The original multi-year contract was 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.
Production will be performed by existing employees in Anniston, Ala.; Tallahassee, Fla.; Sterling Heights, Mich.; Lima, Ohio; and Scranton, Pa., and is expected to be completed by January 2017.
Source : General Dynamics Corporation (NYSE: GD) - view original press release
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