General Dynamics Awarded $395 Million for Egyptian Abrams Tank-Related Work

STERLING HEIGHTS, Mich. – The U.S. TACOM Life­cy­cle Man­age­ment Com­mand has award­ed Gen­er­al Dynam­ics Land Sys­tems, a busi­ness unit of Gen­er­al Dynam­ics (NYSE: GD), a $395 mil­lion con­tract for work under the Egypt­ian tank co-pro­duc­tion pro­gram. The con­tract funds the pro­duc­tion of 125 M1A1 Abrams tank kits for the eleventh incre­ment of the Egypt­ian co-pro­duc­tion pro­gram.

Since 1992, Gen­er­al Dynam­ics has pro­vid­ed com­po­nents for kits used in the co-pro­duc­tion pro­gram. The parts are shipped to a pro­duc­tion facil­i­ty near Cairo, Egypt, where the tanks are man­u­fac­tured for the Egypt­ian Land Forces. This lat­est incre­ment will increase the num­ber of Egypt­ian co-pro­duc­tion-built tanks to 1,130.

Work on the com­po­nents will be per­formed in Annis­ton, Ala.; Tal­la­has­see, Fla.; Ster­ling Heights, Mich.; Lima, Ohio; and Scran­ton, Penn., by exist­ing Gen­er­al Dynam­ics employ­ees. Deliv­er­ies will begin in July 2013 and con­tin­ue to Jan­u­ary 2016.

More infor­ma­tion about Gen­er­al Dynam­ics is avail­able online at www.generaldynamics.com.