General Dynamics Land Systems awarded Canadian Logistics Vehicle Modernization contract [Yahoo! Finance]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: Yahoo! Finance
LONDON, ON June 7, 2024 /PRNewswire/ -- General Dynamics Land Systems (GDLS), a business unit of General Dynamics (NYSE:GD), has been awarded a contract along with joint venture partner Marshall Canada to provide the Canadian Armed Forces (CAF) a new fleet of light and heavy logistics vehicles. GDLS and Marshall Canada will deliver more than 1,000 light trucks and approximately 500 heavy trucks with associated equipment, such as armored protection kits, modules, containers and trailers. The Logistics Vehicle Modernization (LVM) project is being awarded as two contracts: one for vehicle acquisition, valued at $1.5 billion CAD ( $1.1 billion USD ), and one for in-service support, valued up to $1.08 billion CAD ( $790 million USD ) over 25 years. Both figures include taxes. General Dynamics Land Systems will be responsible for integration and support services throughout the life of the LVM project and is joined by a team that includes Marshall Canada , Mercedes-Benz (Daimler Trucks)
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