LONDON, Ontario, Jan. 10, 2013 /PRNewswire/ -- The Colombian Ministry of National Defence has awarded a USD$65.3 million contract to General Dynamics Land Systems-Canada for 24 Light Armoured Vehicles (LAVs) for the Colombian Army. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).
The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Government of Canada.
This contract was a priority acquisition by the Colombian Ministry of National Defence and provides a new capability for the Army. Vehicles provided under this contract will be the LAV III version with double-V hull technology and add-on armour that provides crew members with the latest in protection against mine blasts, IEDs and other threats. All vehicles will be equipped with a Rafael Remote Controlled Weapon Station. Deliveries will be completed by May 2014.
Dr. Sridhar Sridharan, senior vice-president and general manager for International Operations, General Dynamics Land Systems, said, "We are proud to have been selected by the Colombian military to meet their armoured vehicle requirement and look forward to establishing a long-term relationship with this very important customer."For information about General Dynamics Land Systems–Canada, please visit www.gdlscanada.com. More information about General Dynamics is available on the Internet at www.generaldynamics.com. SOURCE General Dynamics Land Systems-Canada
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV