This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

General Dynamics Land Systems-Canada Awarded $24 Million LAV-A2 Contract By U.S. Marine Corps

LONDON, Ontario, Jan. 15, 2013 /PRNewswire/ -- General Dynamics Land Systems-Canada has been awarded a USD$24 million contract to produce 13 Light Armored Vehicles (LAV-A2) for the U.S. Marine Corps.  General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).

The LAV-A2 is a mobile, survivable and lethal system for conducting a variety of functions, including security, reconnaissance, offensive and defensive operations as part of the Marine Air-Ground Task Force. The eight-wheeled vehicle operates on land and water.  It is equipped with enhanced armor protection and an automatic fire-suppression system for crew protection, as well as a robust suspension for mobility.

Vehicle production will be performed at the General Dynamics Land Systems-Canada operations in London, Ontario, with the existing workforce.  The first delivery is scheduled for June 2014 and the last delivery will be made in October 2014.

The Marine Corps has ordered 253 LAV-A2 vehicles since 2007.  Over 800 units of an earlier version of the Light Armored Vehicle entered service with the Marine Corps in the 1980s and continue operational deployment today.

"General Dynamics Land Systems is proud of its heritage with the Marine Corps and is committed to serving the Corps with cost-effective mission-critical products and services," said Michael Bolon, senior vice president, Marine and Navy sector at General Dynamics Land Systems.

The contract was awarded through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government.

For information about General Dynamics Land Systems, please visit www.gdls.com.

SOURCE General Dynamics Land Systems-Canada

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs