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Army Extends General Dynamics’ Abrams Modernization Contract

general dynamics logoA General Dynamics (NYSE: GD) subsidiary has received a $49.7 million contract modification from the U.S. Army to modernize the military branch’s M1A1 Abrams tanks.

General Dynamics Land Systems said Tuesday it will upgrade the M1A1 platform to an M1A2 Systems Enhancement Package V2 configuration for the Army.

M1A2 SEP V2 tanks are designed to have modern color displays, a commander remote operated weapon station, thermal sights and management systems and a tank-infantry phone.

General Dynamics Land Systems will perform work through January 2017 at various locations in Alabama, Florida, Michigan, Ohio and Pennsylvania.

The modification falls under a multiyear Abrams modernization contract the company won in February 2008.

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