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General Dynamics Secures $509M Contract for Army Stryker Vehicle Configuration Update

GD Stryker Vehicle

General Dynamics (NYSE: GD) has received a potential $508.7 million firm-fixed-price contract to re-engineer the U.S. Army‘s fleet of Stryker ground combat vehicles.

The Defense Department said Friday that the company will update an estimated 215 Stryker flat-bottom armored vehicles to a double-V hull engineering change proposal one configuration.

DoD added the reconfiguration effort seeks to increase the mobility of the vehicles and ensure that the fleet will be able to accommodate the service branch’s future network components.

The Army Contracting Command in Warren, Michigan, received one bid for the project via the internet.

The contract will run through April 30, 2019, and the service branch will provide funds and performance locations upon issuance of each order.

The Stryker, produced by General Dynamics’ land systems business, is designed to operate in terrain environments at a speed of more than 60 miles per hour.

General Dynamics said the platform also has 10 different configurations and roughly 85 percent commonality across the entire fleet.

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