unit won at least $56 million in Army ammunition work.
The company said its General Dynamics Ordnance and Tactical Systems unit got the contracts from the U.S. Army Field Support Command in Rock Island, Ill. Work will be performed at the company's Marion, Ill., facility.
With all options exercised, the potential value of the agreement could exceed $80 million, General Dynamics said.
The arrangement includes a $9.2 million firm-fixed-price contract for the manufacture of 25mm cartridges, an $11.8 million firm-fixed price contract for 30mm target practice rounds and dummy ammunition, a $32.5 million award for the production of 30mm training rounds and a $3 million contract to produce 25mm ammunition. The rounds will be used in the Army's Bradley fighting vehicle and Apache attack helicopter, the Air Force's Warthog and the Navy's Harrier plane.
"We are most pleased to continue as a major U.S. producer of all medium-caliber ammunition for our fighting forces," said Michael Wilson, president of General Dynamics Ordnance. "Securing the major share of these production requirements reflects our continued commitment to manufacturing excellence, and affordability."
On Friday, General Dynamics rose 30 cents to $108.80.