General Dynamics Receives $33 Million Army Armor Order
January 22, 2010 (FinancialWire) — General Dynamics’ (NYSE: GS) Armament and Technical Products unit has been awarded an order of around $33 million to produce reactive armor tile sets for the Bradley Fighting Vehicle by the U.S. Army Contracting Command in Picatinny Arsenal, New Jersey.
Deliveries under the order are scheduled to begin in June 2010. Work will be performed at the General Dynamics’ facility in McHenry, Mississippi, and deliveries are scheduled to be completed in November 2010.
The order is an extension of a contract awarded in 2006. A strategic partner, Rafael Advanced Defense Systems Ltd., Ordnance and Protection Division, will share the production workload in Haifa, Israel.
General Dynamics’ reactive armor system is composed of tiles that fasten to the exterior of the Bradley Fighting Vehicle, allowing it to better withstand direct hits from a range of anti-armor munitions.
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