(By Balaseshan) General Dynamics Corp. (NYSE:GD) said a C4 Systems-led team received $385 million contract to deliver a new generation of high-performance, cost-effective instrumentation radar systems for the U.S. military test and evaluation community under the U.S. Army range radar replacement program.
A General Dynamics C4 Systems-led team has got a contract to develop and deploy modernized range instrumentation radars, replacing an aging and outdated fleet of radar systems currently operating at U.S. Army test ranges.
The range radar replacement program has a total potential value of $385 million over ten years if all options are exercised. General Dynamics C4 Systems is a business unit of General Dynamics (GD).
The initial award, valued at $29 million, provides funding for the engineering, manufacturing and development phase of the program and initial production and integration of the new radar systems at White Sands Test Center, New Mexico; Yuma Test Center, Arizona; Aberdeen Test Center, Maryland; and Redstone Test Center, Alabama.
The General Dynamics range radar replacement program solution leverages the XSTAR family of instrumentation radars developed by STAR Dynamics.
The company said the team offered the most cost-effective combination of technologies, systems and program management expertise available to meet the Army's goal of modernizing instrumentation radar systems at test ranges and expanding the scope of their test-related services.
GD is trading up 0.44% at $63.97 on Friday. The stock has been trading between $53.95 and $75.93 for the past 52 weeks.