General Dynamics Land Systems awarded $1.2 Billion U.S. Army Contract for Stryker IM-SHORAD Vehicles

Rhea-AI Summary

General Dynamics Land Systems (GDLS) has secured a $1.219 billion contract from the U.S. Army to produce Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems. The initial order includes 28 Stryker IM-SHORAD vehicles valued at $230 million. The IM-SHORAD is designed to counter threats from various aerial systems and enhances the existing capabilities of the Army's Stryker fleet. The project is expected to be completed by September 30, 2025.

Positive

• Awarded a $1.219 billion contract for IM-SHORAD systems.
• Initial order includes 28 Stryker IM-SHORAD vehicles worth $230 million.
• Project completion estimated by September 30, 2025.

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• None.

STERLING HEIGHTS, Mich., Oct. 2, 2020 /PRNewswire/ -- General Dynamics Land Systems (GDLS), a business unit of General Dynamics (NYSE: GD), was awarded a $1.219 billion contract to produce, test and deliver Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems to the U.S. Army. The Army's initial order on the contract calls for 28 Stryker IM-SHORAD vehicles for $230 million.

"General Dynamics and our teammates Leonardo DRS and Raytheon are pleased to be able to partner with the Army to bring this powerful capability to U.S. Soldiers," said Don Kotchman, Vice President and General Manager of GD Land Systems. "This dedicated SHORAD capability adds a new operational dimension to the Stryker fleet in all of the Army's maneuver formations."

The IM-SHORAD is designed to counter threats from Unmanned Aerial Systems (UAS) and a multitude of other Rotary and Fixed Wing aircraft, and provides a common Army platform that is cost-effective, highly mobile, survivable, sustainable and transportable.

Stryker continues to be a highly sought platform beyond the Stryker Brigade Combat Team formations.

Work locations and funding will be determined with each order, with an estimated completion date of September, 30, 2025. GD Land Systems has production locations in Tallahassee, Florida; Scranton, Pennsylvania; London, Ontario; Lima, Ohio; and Anniston, Alabama.

Headquartered in Sterling Heights, Michigan, General Dynamics Land Systems provides innovative design, engineering, technology, production and full life-cycle support for land combat vehicles around the globe. The company's extensive experience, customer-first focus and seasoned supply chain network provide unmatched capabilities to the U.S. military and its allies. More information about General Dynamics Land Systems is available at www.gdls.com.

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about General Dynamics is available at www.gd.com.

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SOURCE General Dynamics Land Systems

FAQ

What is the value of the contract awarded to General Dynamics Land Systems by the U.S. Army?

The contract is valued at $1.219 billion.

How many Stryker IM-SHORAD vehicles are included in the initial order?

The initial order includes 28 Stryker IM-SHORAD vehicles.

What is the estimated completion date for the IM-SHORAD contract?

The estimated completion date is September 30, 2025.

What is the primary purpose of the IM-SHORAD systems?

IM-SHORAD systems are designed to counter threats from unmanned aerial systems and other aircraft.

Which company is responsible for the contract awarded for the IM-SHORAD systems?

The contract was awarded to General Dynamics Land Systems (GDLS).