General Dynamics Added to $1.33B Defense Contract

General Dynamics (NYSE: GD) has been added to a $1.33 billion Defense Department contract that will supply Egypt with 125 armed Abram battle tanks.

Thirty-five contractors will manage the production and fielding program in Egypt for up to three years.

Honeywell International Inc. (NYSE: HON), which makes the tank engines, and Allison Transmission Inc. are also on the $1.33 billion award.

The tanks will modernize Egypt’s fleet and enhance interoperability with the U.S. and other allies.

 

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