General Dynamics Wins $45 Million Egyptian Tank Contract
July 21, 2009 (FinancialWire) — The U.S. TACOM Lifecycle Management Command has awarded General Dynamics’ (NYSE: GD) Land Systems unit a $45 million contract for the Egyptian tank co-production program.
Work to be performed under the contract includes manufacturing technical assistance on M1A1 Abrams tanks at the Egyptian tank plant and supplying component equipment such as tools, gauges, fixtures and machines.
The award is in support of the tenth increment of the Egypt’s Abrams co-production program. General Dynamics has provided components for kits used in the co-production program since 1992.
Under the program, parts are shipped to a production facility near Cairo, Egypt, where the tanks are manufactured for the Egyptian Land Forces.
Under the latest award, components will be performed in Sterling Heights, Michigan, with completion estimated for December 2012.
Falls Church, Virginia-based General Dynamics employs around 92,900 people worldwide. The company offers business aviation systems, land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems and information systems and technologies.
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