GD Awarded Contracts Totaling $126 M for Hydra-70 Rocket Program
General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), was recently awarded two contract modifications by the U.S. Army Contracting Command in Redstone Arsenal, Ala., for production of the 2.75"/70mm Hydra-70 air-to-ground rocket system for U.S. military services and Foreign Military Sales customers. Both options exercised are part of a supplies contract originally awarded to General Dynamics in 2014.
Hydra-70 is a family of unguided rockets offering several warhead configurations that enable an aircrew to match the rocket to the specific mission. Rockets can be fired from a variety of rotary and fixed-wing platforms, including the U.S. Army Apache and U.S. Marine Corps Cobra attack helicopters, the U.S. Air Force F-16 Fighting Falcon and combat aircraft of many nations worldwide.
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"General Dynamics has been in continuous production of Hydra-70 rockets since 1996," said Dan Paul, vice president and general manager for precision systems, General Dynamics Ordnance and Tactical Systems. "Our Hydra-70 rockets provide the warfighter with firepower that is versatile, affordable and reliable in multiple combat roles. We look forward to the continuation of our strong partnership with the U.S. military and its allies."
Source : General Dynamics Corporation (NYSE: GD) - view original press release