(By Balaseshan) General Dynamics Corp. (NYSE: GD), an aerospace and defense company, said it has received a contract to support the U.S. Army Sustainment Command's Enhanced Army Global Logistics Enterprise (EAGLE) program.
The multiple-award Basic Ordering Agreement has a potential value of $23 billion to all 96 awardees over five years. Work will be performed at Army installations worldwide.
Through the EAGLE contract General Dynamics will deliver maintenance, supply and transportation-operations support services to meet the Army's global logistics service requirements.
The company may provide materiel maintenance, supply and transportation services that support the redeployment and readiness of Army forces. General Dynamics delivers innovative, agile and comprehensive logistics solutions that support customers across the globe.
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The company provides logistics and supply chain management in support of the Department of Defense's ground combat and Mine-Resistant Ambush Protected (MRAP) vehicles, the Army's 1st Theater Sustainment Command in Afghanistan and Supply Support Activity in Kuwait, as well as federal civilian agencies such as the Department of State.
General Dynamics offers a portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; military and commercial shipbuilding, and communications and information technology. It operates through four business groups: Aerospace, Combat Systems, Marine Systems and Information Systems and Technology.
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GD is trading down 0.09% at $66.64 on Friday. The stock has been trading between $61.09 and $74.54 for the past 52 weeks.