General Dynamics Land Systems, a business unit of General Dynamics (NYSE:GD), announced today that it was awarded a $4.6 billion fixed-price-incentive contract to produce M1A2 SEPv3 Abrams main battle tanks for the U.S. Army.
General Dynamics Land Systems was awarded a $4.6 billion fixed-price-incentive contract to produce M1A2 SEPv3 Abrams main battle tanks for the U.S. Army.
Work locations and funding will be determined with each order, with an estimated completion date of June 17, 2028. The first delivery order is valued at an estimated $406 million.
"We are pleased to continue our support to the Army on the modernization of the Abrams main battle tank," said Don Kotchman, Vice President and General Manager of General Dynamics Land Systems U.S.
The state-of-the-art M1A2 SEPv3 configuration features technological advancements in communications, fire control and lethality, reliability, sustainment and fuel efficiency, plus upgraded armor. Additionally, the SEPv3 Abrams is designed to seamlessly accept future upgrades.
The SEPv3 configuration further modernizes the tank that has set the global standard for four decades. The Abrams main battle tank is built to confront and destroy enemy forces using unrivaled firepower, maneuverability and shock effect. With its manually loaded, 120mm M256 smoothbore cannon, the Abrams can overmatch against armored vehicles, personnel and even low-flying aircraft. General Dynamics Land Systems is collaborating with the Army to ensure it continues to have the strongest and most technologically advanced tank fleet in the world.
General Dynamics Land Systems provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles around the globe. The company's extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies.
Source: General Dynamics Corporation (NYSE: GD)
Date: Dec 23, 2020
