GDLS Awarded $1.2bn US Army Contract for Stryker IM-SHORAD Vehicles

The Army's initial order is for 28 vehicles, $230 million

General Dynamics Land Systems (GDLS), a business unit of General Dynamics (NYSE: GD), was awarded a $1.219 billion contract to produce, test and deliver Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems to the U.S. Army. The Army's initial order on the contract calls for 28 Stryker IM-SHORAD vehicles for $230 million.

General Dynamics Land Systems was awarded a $1.219 billion contract to produce, test and deliver Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems to the U.S. Army.

"General Dynamics and our teammates Leonardo DRS and Raytheon are pleased to be able to partner with the Army to bring this powerful capability to U.S. Soldiers," said Don Kotchman, Vice President and General Manager of GD Land Systems. "This dedicated SHORAD capability adds a new operational dimension to the Stryker fleet in all of the Army's maneuver formations."

The IM-SHORAD is designed to counter threats from Unmanned Aerial Systems (UAS) and a multitude of other Rotary and Fixed Wing aircraft, and provides a common Army platform that is cost-effective, highly mobile, survivable, sustainable and transportable.

Stryker continues to be a highly sought platform beyond the Stryker Brigade Combat Team formations.

Work locations and funding will be determined with each order, with an estimated completion date of September, 30, 2025. GD Land Systems has production locations in Tallahassee, Florida; Scranton, Pennsylvania; London, Ontario; Lima, Ohio; and Anniston, Alabama.

Source: General Dynamics Corporation (NYSE: GD)
Date: Oct 2, 2020