General Dynamics Awarded $395 Million for Egyptian Abrams Tank-Related Work
STERLING HEIGHTS, Mich., Nov. 17, 2011 /PRNewswire/ -- The U.S. TACOM Lifecycle Management Command has awarded General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), a $395 million contract for work under the Egyptian tank co-production program. The contract funds the production of 125 M1A1 Abrams tank kits for the eleventh increment of the Egyptian co-production program.
Since 1992, General Dynamics has provided components for kits used in the co-production program. The parts are shipped to a production facility near Cairo, Egypt, where the tanks are manufactured for the Egyptian Land Forces. This latest increment will increase the number of Egyptian co-production-built tanks to 1,130.
Work on the components will be performed in Anniston, Ala.; Tallahassee, Fla.; Sterling Heights, Mich.; Lima, Ohio; and Scranton, Penn., by existing General Dynamics employees. Deliveries will begin in July 2013 and continue to January 2016.
More information about General Dynamics is available online at www.generaldynamics.com.
SOURCE General Dynamics Land Systems
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