(By Balaseshan) General Dynamics Corp. (NYSE: GD), an aerospace and defense company, said its business unit has received three task orders worth $100 million to outfit and transition four military medical facilities.
General Dynamics Information Technology was awarded three task orders in September to provide initial outfitting and transition (IO&T) services to the U.S. Army Corps of Engineers, Engineering and Support Center, Huntsville, Alabama. The task orders have a combined value of $100 million over 28 months.
Under these task orders, General Dynamics will plan, purchase, deliver and install medical and information technology (IT) equipment and furniture in support of new military hospitals at Fort Riley, Kansas, and Fort Benning, Georgia, as well as new clinics at Camp Carroll and Camp Humphreys in South Korea.
[Related -Lockheed Martin Corporation (NYSE:LMT): How A Small Budget Deal Impacts Defense Contractors?]
Under the first task order, General Dynamics will outfit and help activate the new Irwin Army Community Hospital at Fort Riley. General Dynamics will relocate and transition a staff of about 1,200 to the new hospital, which will serve thousands of Army soldiers and their families.
This new 555,000 square foot hospital at Fort Riley will include 44 inpatient beds, four operating rooms, a 21-bed emergency room and a traumatic brain injury clinic. The hospital is scheduled to open in May 2014.
Under the second task order, General Dynamics will equip and help launch the new Martin Army Community Hospital at Fort Benning. This project will encompass 745,000 square feet with 70 inpatient beds. The hospital is scheduled to open in November 2014 with a staff of more than 1,500.
[Related -General Dynamics Corporation (GD) : Short-Term Uncertainty, Long-Term Opportunity?]
Under the third task order, General Dynamics will supply outfitting and transition services for the new Camp Carroll Health and Dental Clinic and Camp Humphreys Dental Clinic in South Korea.
These projects will include delivery and installation of medical, dental and IT equipment for two large clinics located in Waegwan and Pyeongtaek, South Korea. Both facilities are expected to open by early 2015.
General Dynamics previously has provided similar healthcare-facility support services to the new Walter Reed National Military Medical Center in Bethesda, Maryland, and the new Fort Belvoir Community Hospital in Fort Belvoir, Virginia.
General Dynamics helped relocate all operations – including about 10,000 staff members and thousands of pieces of equipment – from the Walter Reed Army Medical Center, the National Naval Medical Center and Fort Belvoir's DeWitt Army Community Hospital into these new facilities in 21 months.
GD is trading up 0.03 percent at $65.08 on Tuesday. The stock has been trading between $61.09 and $74.54 for the past 52 weeks.