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General Dynamics Wins $97M For Army Training, Tank Ammo

General Dynamics’ (NYSE: GD) ordnance and tactical systems unit has won three contracts worth $97 million total to produce tank and artillery training ammunition for the Army, the company announced Monday.

The company said Monday that the Army will receive 120-milimeter M865 and M1002 tank training ammunition, 105-milimeter M1130 high-explosive pre-formed fragmentation cartridges and 155milimeter M795 HE projective metal parts.

M865 ammunition is for firing onshort-range training areas, M1002 cartridges provide matched exterior ballistics and time-of-flight parameters to the M830A1 tactical cartridge when fired from an Abrams tank.

The Army recently added the M1130 cartridge to the ammunition family it uses in Afghanistan, the company said.

General Dynamics expects to complete delivery of the 155-milimeter ammunition by February 2013, the 105-milimeter ammunition by April 2014 and the tank ammunition by September 2016.

The company also holds a contract potentially worth nearly $200 million to produce ammunition for the Marine Corps’ expeditionary fire support system.

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