General Dynamics Wins US Army Competition Process To Provide Enhanced Firepower

• The U.S. Army has selected General Dynamics Corp (NYSE:GD) business unit General Dynamics Land Systems' Mobile Protected Firepower (MPF) offering to provide enhanced firepower for Infantry Brigade Combat Teams (IBCTs).
• The Low Rate Initial Production (LRIP) award is valued at $1.14 billion.
• The highly lethal, survivable, and mobile direct-fire combat vehicle melds recently developed and battle-tested designs to dominate ground threats on the multi-domain battlefield.
• The award also includes test support, logistics support, and systems technical support.
• Price Action: GD shares are trading lower by 0.42% at $219.56 on the last check Wednesday.