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A General Dynamics (NYSE: GD) business unit has received two contract modifications worth $126 million to continue to supply the U.S. Army with a Hydra-70 rocket system.
The company said Monday its General Dynamics Ordnance and Tactical Systems unit will produce the air-to-ground rocket platform for U.S. military branches and international military clients.
Both modifications fall under a five-year contract awarded by the Alabama-based U.S. Army Contracting Command to the company in December 2014.
The Hydra-70 system has various warhead configurations and can be integrated with fixed-wing and rotary-wing aircraft.
