The U.S. Army TACOM Lifecycle Management Command awarded General Dynamics Land Systems a $358 million Foreign Military Sales (FMS) contract to refurbish and upgrade 150 M1A1 Abrams Main Battle Tanks to the M1A1 SA (situational awareness) configuration for sale to the Kingdom of Morocco. General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD).
Under the M1A1 SA program, the main battle tanks are completely disassembled and overhauled to a like-new, zero-mile condition. Refurbished tanks incur lower operational and support costs and report higher operational readiness rates. M1A1s are configured with armor upgrades and additional mission-critical technologies to bolster crew situational awareness.
Deliveries will begin in January 2017 and the estimated completion date is February 2018. Work will be performed by existing employees in Anniston, Ala. and Lima, Ohio.
Source: General Dynamics Corporation (NYSE: GD)
Date: Sep 30, 2015