US Army Awards $126M Hydra-70 Contract Modifications to General Dynamics Unit

general dynamics logoA 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.

You may also be interested in...

RENK to Buy L3Harris’ Combat Propulsion Systems, Magnet-Motor Businesses; Florian Hofbauer Quoted

RENK, a Germany-based maker of automatic transmissions and gear units for military vehicles, has agreed …

COMSovereign Expands Aerial Platform Business Through Sky Sapience Acquisition; Dan Hodges Quoted

Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky …