General Dynamics (NYSE: GD) has won a potential $562, 210, 980 contract to build ground vehicles for U.S. Special Operations Command over the next seven years.
Socom received seven proposals for the indefinite-delivery/indefinite-quantity contract and the company will provide the vehicles to the command through delivery orders, the Defense Department said Thursday.
One delivery order will be issued at the time of award with $9, 807, 029 in fiscal year 2012 and 2013 research, development, test and evaluation funds; and $4, 999, 500 in fiscal 2013 and 2013 procurement funds.
Ground Mobility Vehicles 1.1 are intended to be transportable onboard the Boeing-made (NYSE: BA) Chinook helicopters.
General Dynamics will also provide manuals, spare parts, mechanical and operator training to the command under the contract.