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General Dynamics receives $14M US Army contract

Tue, 12/15/2009 - 12:00pm
The Associated Press

STERLING HEIGHTS, Mich. (AP) — Defense contractor General Dynamics said Tuesday it received a $14 million contract from the U.S. Army to purchase tank production materials.

Under the contract from the U.S. Army Tank and Automotive Command, General Dynamics will purchase long-lead materials for 140 M1A1 Situational Awareness tanks for the military's effort in Iraq.

Work for the contract, which runs through May 31, 2011, will be performed in Lima, Ohio; Scranton, Pa.; Anniston, Ala.; and Tallahassee, Fla.

Shares of General Dynamics fell 99 cents to close at $69.67.

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