Wednesday, July 22, 2009

General Dynamics Awarded $55 Million to Reset Stryker Vehicles

General Dynamics Awarded $55 Million to Reset Stryker Vehicles

July 22, 2009

STERLING HEIGHTS, Mich., July 22 - General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has been awarded a contract by the U.S. Army Tank Automotive Command (TACOM) to reset 330 Stryker infantry combat vehicles. The contract has a maximum potential value of $55.2 million.

Through this contract, General Dynamics will service, repair and modify Stryker vehicles that are returning from Operation Iraqi Freedom, restoring them to a pre-combat, like-new condition in advance of reissuing the vehicles prior to their next deployment.

To date, General Dynamics has delivered 2,852 new vehicles for seven
separate Stryker brigades to the Army. With more than six million miles
accumulated through two completed Operation Iraqi Freedom rotations since October 2003, the Stryker vehicle has demonstrated a combined fleet operational-readiness rate of 96 percent.

The Stryker is an eight-wheeled vehicle, which is lighter, smaller and
more readily deployable than other Army combat vehicles and can travel at speeds up to 62 mph on roads with a range of 312 miles. There are 10
configurations of the Stryker: Infantry Carrier Vehicle; Anti-tank Guided Missile; Mobile Gun System; Mortar Carrier; Command Vehicle; Reconnaissance Vehicle; Engineer Squad Vehicle; Medical Evacuation Vehicle; Fire Support Vehicle; and Nuclear, Biological, Chemical and Reconnaissance. The variants have 85 percent parts commonality, which simplifies logistics. Strykers operate with the latest electronic equipment and an integrated armor package to protect soldiers against improvised explosive devices, rocket propelled grenades and a variety of infantry weapons.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 92,900 people worldwide. The company is a market leader in
business aviation; land and expeditionary combat systems, armaments and
munitions; shipbuilding and marine systems; and information systems and

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