STERLING HEIGHTS, Mich., Nov. 8, 2013 /PRNewswire/ -- General Dynamics Land Systems completed a successful Preliminary Design Review with the U.S. Army of its Ground Combat Vehicle (GCV) Infantry Fighting Vehicle (IFV) design on Oct. 31, 2013. The four-day review was the culmination of many successful subsystem and component design reviews held from August through October.
During the review General Dynamics demonstrated that the baseline vehicle design is affordable, reliable and compliant to all Tier 1 requirements, which must be delivered in the vehicle's initial configurations, and on track to gain compliance to selected Tier 2 requirements. The review established that General Dynamics' baseline Ground Combat Vehicle IFV design has a reasonable expectation of being judged operationally effective and suitable.
"The team did an outstanding job defining a path forward for the customer on the program," said Robert Sorge, General Dynamics Land Systems senior director for the GCV IFV Program. "The strong performance has put us on a solid path for building the automotive test rig, continuing the system detailed design and enhancing each of the vehicle's key subsystem and component level designs during the remainder of our technology demonstration contract."
A team led by General Dynamics that includes Lockheed Martin, Raytheon Company and Tognum America, Inc., was awarded a $439.7 million contract for the Technology Development (TD) phase of the Army's Ground Combat Vehicle Infantry Fighting Vehicle program in 2011. That contract was modified extending the period of performance six months into second quarter 2014.The overall goal of the Army program is to develop and produce an affordable and operationally effective Infantry Fighting Vehicle in eight years. General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD). More information is available online at www.generaldynamics.com. www.gdls.com SOURCE General Dynamics Land Systems
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 Plus 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