General Dynamics Canada wins $138 million contract from US army

The U.S. Army TACOM Life Cycle Management Command has awarded a USD$138 million contract to General Dynamics Land Systems-Canada for 82 Light Armored Vehicles (LAVs) for a Foreign Military Sale (FMS). Vehicle deliveries will begin in January 2012. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).

The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government.

Dr. Sridhar Sridharan, senior vice-president of General Dynamics Land Systems-Canada, said, "This order underscores the continued relevance of these proven combat vehicles in modern military forces. We are pleased to be working once again with TACOM in support of their Foreign Military Sales program."

Vehicles provided under this contract will be the LAV II version - a 300 horsepower 8x8 vehicle with a gross vehicle weight of up to 32,000 lbs (14,500 kg). The vehicles will be produced in four different variants.

For information about General Dynamics Land Systems-Canada, please visit www.gdlscanada.com.