General Dynamics Receives $245 Million for Mine-Protected Vehicle Work
oint venture with Force Protection, Inc.,shares $490 million program award
STERLING HEIGHTS, Mich. – General Dynamics Land Systems, a business unit of General Dynamics (NYSE: GD), has received a work order for $244.5 million of a $490 million contract awarded to Force Protection, Inc. (NASDAQ:FRPT) on April 24 to produce 1,000 vehicles for the U.S. Marine Corps’ Mine Resistant Ambush Protected (MRAP) vehicle program.
Force Protection and General Dynamics have formed a joint venture, Force Dynamics, to share in the production and program management of the MRAP contact.
This latest MRAP delivery order purchases Force Protection’s category I 4X4 and category II 6X6 Cougar vehicles. Manufacturing will be performed in Anniston, Alabama; Charlotte, Michigan; Ladson, South Carolina; Lima, Ohio; Kings Point, North Carolina; and Sealy, Texas.
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