General DynamicsÂ (NYSE: GD) has received a potential three-year,Â $2.63 billion contract to modernize theÂ U.S. Army‘s M1A1 Abrams tanks.
The Defense Department said Thursday that General Dynamics’Â land systems business will convert 786Â M1A1 configured vehicles toÂ the new M1A2 System Enhancement Package Version 3 configuration.
GDLS will also upgrade M1A1 vehicles to M1A12S and M1A2-K models.
The Army received solicited bids and received one proposal for theÂ fixed-price-incentive contract via the internet.
Work is scheduled for completion by Dec. 21, 2020.