Contracts 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. The option exercised is part of a supplies contract originally awarded to General Dynamics in 2014.

General Dynamics has been in continuous production of the Hydra-70 rockets since 1996.

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Source: General Dynamics Corporation (NYSE: GD)
Date: Oct 18, 2016