General Dynamics Receives Army Contract for Tanks
December 23 2020 - 10:46AM
Dow Jones News
By Matt Grossman
General Dynamics Corp.'s land-systems unit has been awarded a
$4.6 billion contract to produce battle tanks for the U.S. Army,
the company said Wednesday.
The contract to make M1A2 SEPv3 Abrams tanks has an estimated
completion date in June 2028. The first delivery order under the
contract has a value of approximately $406 million, General
Dynamics said.
The tank model has a 120 millimeter cannon and can be deployed
against troops, armored vehicles and low-flying aircraft, the
Sterling Heights, Mich.-based manufacturer said. The version
ordered by the Army has improvements in communications, lethality
and reliability, according to General Dynamics.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
December 23, 2020 10:31 ET (15:31 GMT)
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