General Dynamics Gets Two $1.36B Contracts for Army Stryker Logistics, Repair Services

General Dynamics’ (NYSE: GD) land systems business has secured two separate five-year contracts worth $1.36B each to provide support services for the U.S. Army’s Stryker combat vehicles.

The Department of Defense said Thursday the company will provide damage repair, reset-refurbishment and retrofit support services for the Strykers under the first cost-plus-fixed-fee contract, while the other contract covers wholesale supply and logistics services for the vehicles.

Work will run through Feb. 28, 2024 and Army Contracting Command will determine work locations and obligate funds upon award of each task order.

You may also be interested in...

Naval Strike Missile

State Dept Clears $300M Sale of Raytheon Technologies-Made Naval Missiles to Romania

The State Department approved Romania's request to buy anti-ship missile systems manufactured by Raytheon Technologies (NYSE: RTX) through a potential $300M foreign military sale transaction with the U.S. government. The company's missiles and defense business would deliver two units of the Naval Strike Missile Coastal Defense System and complementary equipment to Romania's government under the potential deal, the Defense Security Cooperation Agency said Friday.

August Jackson Senior Director Deltek

ArchIntel’s AI in Competitive Intelligence Virtual Event to Discuss Maintaining Competitive Advantage

Artificial intelligence (AI), machine learning (ML) and big data have transformed how businesses conduct competitive intelligence (CI) and how our stakeholders use the developed analyses. Additionally, the federal government has integrated emerging technologies to remain competitive across the defense landscape. To register for ArchIntel’s AI in Competitive Intelligence Virtual Event, as well as view upcoming opportunities, visit ArchIntel’s Event Page.