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General Dynamics Wins $395M for Abrams Tanks

General Dynamics’ (NYSE: GD) land systems business unit has been awarded a $395 million contract from the U.S. TACOM Lifecycle Management Command. The firm will work under the Egyptian tank co-production program.

The contract will fund the production of 125 M1A1 Abrams tank kits for the eleventh increment of the Egyptian co-production program. This latest increment will increase the number of Egyptian co-production-built tanks to 1,130.

The tanks will be delivered from July 2013 through January 2016.

General Dynamics has been providing components for kits used in the co-production program. The parts are shipped to a production facility in near Cairo, Egypt. The facility is also where the tanks are manufactured for the Egyptian military.

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