TYSONS CORNER, VA August 25, 2015 — ExecutiveBiz reported Monday on General Dynamics (NYSE: GD) being awarded a $99 million R&D contract to built a prototype for Spain’s infantry fighting vehicle program.
The 8×8 IFV prototype will be based on the company’s Piranha Class 5 wheeled armored combat vehicle and manufactured at the factories of General Dynamics European Land Systems’ Spanish subsidiary, Santa Barbara Sistemas, Defense News said.
According to the publication, the Spanish Council of Ministers will determine the winner of the final contract for 400 IFV units in the coming weeks.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com