ST. PETERSBURG, Fla., Oct. 21, 2013 /PRNewswire/ -- General Dynamics Ordnance and Tactical Systems was awarded a contract by the U.S. Special Operations Command (SOCOM) for non-developmental V-22 Internally Transportable Vehicles (ITV). The three-year indefinite delivery, indefinite quantity contract is for up to 10 vehicles, with integration and logistical support and training. The total value of the contract is $5.8 million if all options are exercised.
General Dynamics' Flyer ITV is a modular and mobile vehicle that traverses severe, rugged and restrictive terrain while providing off-road, cross-country mobility in all types of weather. Easily and rapidly reconfigured in the field, the Flyer ITV can be used for a variety of combat and humanitarian efforts including light assault, search and rescue, command and control and reconnaissance missions. Its modular, armored design allows it to meet an array of threat levels and environmental conditions without vehicle modifications.
The Flyer ITV is on display through Wednesday, October 23, in General Dynamics Ordnance and Tactical Systems' booth (#707) at the annual meeting of the Association of the U.S. Army in Washington, D.C.
"This award positions General Dynamics as a key provider to the U.S. SOCOM for internally transportable vehicles. By using a high percentage of non-developmental technology the Flyer can be fielded quickly and cost-effectively," said Tim Neaves, senior director of lightweight tactical vehicles for General Dynamics Ordnance and Tactical Systems. "The combined knowledge and manufacturing expertise of General Dynamics and Flyer Defense will enable us to meet SOCOM's demanding requirements, along with those of other U.S. and foreign customers seeking affordable internally transportable light-strike vehicles."Flyer Defense, LLC, has over 15 years of experience and expertise in innovative, operationally relevant design, modeling, simulation and manufacturing of high-mobility off-road tactical vehicles and provides an array of capabilities in system design, development, and prototyping.
Select the service that is right for you!COMPARE ALL SERVICES
- $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
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV