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General Dynamics Awarded $77m Contract For RG-31 Vehicles

General Dynamics : 09 January, 2007  (Company News)
General Dynamics Awarded USD $77 Million Contract to Supply RG-31 Mk5 Mine Protected Vehicles to the U.S. Army
The U.S. Army tank Automotive and Armaments Command (TACOM), in support of the Program Executive Office for Combat Support and Combat Service Support

(PEO CS&CSS), has awarded a contract for USD$76.5 million to General Dynamics Land Systems-Canada to provide 169 RG-31 Mk5 Mine Protected Vehicles, with an option for nine additional vehicles. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).

The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government. Under this contract, General Dynamics Land Systems-Canada will provide the program management while BAE Land Systems OMC of South Africa will manufacture the vehicles. Deliveries will occur from June 2007 to January 2008.

The RG-31 Mk5 is the latest version of the highly successful RG-31 vehicle family. The Mk5 delivers a significant increase in power and payload to meet emerging requirements. In service with forces around the world, the RG-31 is a highly effective multi-role armored vehicle capable of a variety of military applications. Offering enhanced mine blast resistance, as well as protection against both improvised explosive devices and ballistic threats, these vehicles will be used by the U.S. Army in support of ongoing activities.

In October 2006, TACOM awarded General Dynamics Land Systems-Canada a contract for USD$27.2 million to provide 60 RG-31 Mk5 vehicles. In November 2006 this order was increased to 94 vehicles for an additional USD$15.4 million.
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