There were 1,287 press releases posted in the last 24 hours and 448,089 in the last 365 days.

General Dynamics Wins $387 Million Army Training Support Contract

February 16, 2010 (FinancialWire) — General Dynamics’ (NYSE: GD) Information Technology unit has been awarded a contract for Constructive Training Systems support by the U.S. Army’s Program Executive Office for Simulation, Training and Instrumentation. The total potential value of this single-award, five-year Indefinite Delivery/Indefinite Quantity contract is $387 million if all options are exercised.

The initial award value is $56 million for the base year.

Under the contract, General Dynamics will provide technical, management and professional engineering support services for the procurement and fielding of Constructive Training Systems. Services to be performed consist of engineering, integration, exercise and experimentation support, gaming, materiel purchases, maintenance, supply support and post-fielding support. The work will be managed in the Orlando, Florida area.

Virginia-based General Dynamics employs around 91,700 people worldwide.

FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (http://www.financialwire.net/news-alerts/).

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) website (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.