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News Breaks
February 3, 2014
10:01 EDTGDGeneral Dynamics awarded $73M for Abrams Tank production
The U.S. Army TACOM Lifecycle Management Command has awarded General Dynamics Land Systems $72.7M under an existing contract to upgrade 12 M1A1 Abrams tanks to the M1A2 Systems Enhancement Package, or SEP, V2 configuration. General Dynamics Land Systems is a business unit of General Dynamics. The most technologically advanced digital tank, the M1A2 SEP V2 includes improved color displays, day and night thermal sights, commander remote operated weapon station, a Thermal Management System and a tank-infantry phone. The M1A2 SEP V2 maximizes the fighting ability of the tank on today's battlefield while preparing the platform for tomorrow's challenges. The original multi-year contract was awarded in February 2008, which authorized the upgrade of 435 M1A1 tanks that have been in the Army's inventory for more than 20 years. General Dynamics is continuing the conversion of the tanks in the Army's active component to the M1A2 SEP V2 configuration. Production is expected to be completed by December 31, 2015.
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April 10, 2015
06:22 EDTGDDoD enacts stricter rules on research spending by contractors, WSJ says
The Department of Defense is enacting stricter rules on how defense companies can spent $4B of the department's research budget, following a report that explained that much of the budget was used to increase contractors' bids or to develop their own proprietary technology, reports the Wall Street Journal. Publicly traded companies in the space include BAE Systems (BAESY), Boeing (BA), General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), Raytheon (RTN) and United Technologies (UTX).

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