GD Awarded $116 M for Abrams Tank-Related Work

(Sterling Heights, Mich., May 8, 2008) -- General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), was awarded a contract worth $116 million for the purchase of long-lead materials for work associated with the Abrams main battle tank.

The contract, awarded April 30, adds funds to the existing material contract for reset of 204 M1A1 Abrams Integrated Management (AIM) main battle tanks. The reset process restores used equipment to combat-level capability. The reset tanks will feature improved technology to bolster crew situational awareness. The upgrades include second-generation Forward-Looking Infrared, Far Target Locate, a tank-infantry phone and driver's vision enhancement. The improvements increase the M1A1's fighting capability by providing soldiers with an electronic graphic of the battlefield with icons for friendly and enemy forces, and a tank commander's thermal sight for the .50 caliber machine gun.

Source : General Dynamics Corporation (NYSE: GD) - click here for more information