General Dynamics (NYSE: GD) business unit, General Dynamics Land Systems has been awarded a $7 million contract to continue with the development of the Saudi M1A2 Abrams tank for the Kingdom of Saudi Arabia. The Foreign Military Sales contract was awarded to General Dynamics by the U.S. Army TACOM Lifecycle Management Command for the Royal Saudi Land Forces.
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This contract is added on to the current $58 million contract which was awarded to General Dynamics in 2008. As part of the contract given in 2008 General Dynamics was to design, convert, develop, implement and test a hybrid configuration of the M1A1, M1A2, and M1A2 System Enhancement Package tank variants.
About General Dynamics
General Dynamics (NYSE: GD), headquartered in Falls Church, Va., employs approximately 92,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
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