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General Dynamics Gets Stryker Deal

The $69 million rebuild pact will involve work in three plants.
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General Dynamics

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got a $69 million contract to rebuild Army Stryker eight-wheeled combat vehicles.

General Dynamics will service, repair and modify 265 Stryker infantry combat vehicles returning from Operation Iraqi Freedom. These vehicles have been in service in Iraq since October 2003, supporting two 3,900-soldier Stryker Brigade Combat Team rotations.

The reset work is slated to begin in mid-November by existing General Dynamics employees in Sterling Heights, Mich.; London, Ontario; and Fort Lewis, Wash. Work is expected to be complete by next Sept. 30.

On Monday, shares of General Dynamics rose 9 cents to $116.47.