General Dynamics Awarded $395 Million for Egyptian Abrams Tank-Related Work

Nov 17, 2011, 15:45 ET from General Dynamics Land Systems

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.

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SOURCE General Dynamics Land Systems