Canada — General Dynamics Awarded $126 Million Contract for Light Armored Vehicles

LONDON, Ontario, Cana­da – The U.S. Army TACOM Life Cycle Man­age­ment Com­mand has award­ed a USD$126 mil­lion con­tract mod­i­fi­ca­tion to Gen­er­al Dynam­ics Land Sys­tems-Cana­da for 73 Light Armored Vehi­cles (LAVs) for a For­eign Mil­i­tary Sale (FMS). With this lat­est con­tract mod­i­fi­ca­tion, the orig­i­nal con­tract, announced on Jan­u­ary 4, 2011, is now val­ued at USD$264 mil­lion for 155 LAVs. 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.

Dr. Srid­har Srid­ha­ran, senior vice-pres­i­dent and gen­er­al man­ag­er for Inter­na­tion­al Oper­a­tions, Gen­er­al Dynam­ics Land Sys­tems, said, “We are pleased to be extend­ing our rela­tion­ship with TACOM in sup­port of their For­eign Mil­i­tary Sales pro­gram. This order for addi­tion­al vehi­cles is the best tes­ta­ment to the effec­tive­ness of our Light Armored Vehi­cles with our inter­na­tion­al cus­tomers.”

Vehi­cles pro­vid­ed under this con­tract will be the LAV II ver­sion – a 300 horse­pow­er 8x8 vehi­cle with a gross vehi­cle weight of up to 32,000 lbs (14,500 kg). The vehi­cles will be pro­duced in six dif­fer­ent vari­ants.

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