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Business

Akanksha Bakshi

General Dynamics To Begin Work On $518M Global Logistics Contract To Support US Army CECOM

GD United States GAO General Dynamics Corp Government Accountability Office NYSE

General Dynamics Corp (NYSE:GD) business unit General Dynamics Information Technology (GDIT) has received a $518 million task order award from the U.S. Army Communications-Electronics Command (CECOM).
The company will provide logistics, sustainment, and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.
The task order was provided under the Responsive Strategic Sourcing for Services Multiple Award IDIQ contract awarded in April 2021.
The Government Accountability Office (GAO) announced in December that work could commence following the dismissal of two contract award protests.
Price Action: GD shares traded lower by 0.86% at $210.99 on the last check Monday.

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