logo
  Join        Login             Stock Quote

General Dynamics (GD) Receives Light Armored Vehicles Contract From U.S. Marine Corps

 January 15, 2013 02:21 PM
 


(By Balaseshan) General Dynamics Corp. (NYSE: GD) said its business unit has received a contract worth $24 million to produce 13 Light Armored Vehicles (LAV-A2) for the U.S. Marine Corps.

General Dynamics Land Systems-Canada said the LAV-A2 is a mobile, survivable and lethal system for conducting security, reconnaissance, offensive and defensive operations as part of the Marine Air-Ground Task Force.

The first delivery is scheduled for June 2014 and the last delivery will be made in October 2014.

The eight-wheeled vehicle operates on land and water. It is equipped with enhanced armor protection and an automatic fire-suppression system for crew protection, as well as a robust suspension for mobility, the company noted.

[Related -Northrop Grumman Corporation: How Defense Budget Will Fare In 2014?]

The contract was awarded through the Canadian Commercial Corp., a Crown Agency of the Canadian Government.

On January 10, the Colombian Ministry of National Defence has awarded a contract worth $65.3 million to General Dynamics Land Systems-Canada for 24 Light Armoured Vehicles (LAVs) for the Colombian Army.

On January 8, General Dynamics Land Systems has been awarded $132.7 million for the procurement and production of 69 Saudi M1A2 (M1A2S) Abrams tanks for the Kingdom of Saudi Arabia. This work is part of a plan by the Kingdom of Saudi Arabia to upgrade its fleet of tanks.

GD is trading up 0.44% at $70.66 on Tuesday. The stock has been trading between $61.09 and $74.54 for the past 52 weeks.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageHealth Net, Inc. (HNT): Potential to Be Huge Winners Says Bank of America

As of this keystroke, Health Net, Inc. (NYSE: HNT) shares are up around 4% on the day. The managed health read on...

article imageHomeAway, Inc. (AWAY) Q2 Earnings Preview: Top and Bottom Line Bullish Surprise?

HomeAway, Inc. (NASDAQ:AWAY) will report its financial results for the second quarter ended June 30, 2014 read on...

article imageAmazon.com, Inc. (AMZN) Q2 Earnings Preview: Missing on the Top and Bottom Lines, Again?

Amazon.com, Inc. (NASDAQ:AMZN) will release its second quarter financial results after market close on read on...

article imageFord Motor Company (F) Q2 Earnings Preview: Light on the Top Line?

Ford Motor Company (NYSE:F) will release its preliminary second quarter 2014 results at 6:30 a.m. EDT read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.