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General Dynamics awarded Army Ground Combat Vehicle $440 million development contract 2008111.

| 2011
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Defense Industry News - General Dynamics
 
 
Saturday, August 20, 2011, 11:05 AM
 
General Dynamics awarded Army Ground Combat Vehicle $440 million development contract.
A team led by General Dynamics (NYSE: GD) that includes Lockheed Martin (NYSE: LMT), Raytheon Company (NYSE: RTN) and Tognum America, Inc., was awarded a $439.7 million contract for the Technology Development (TD) phase of the U.S. Army’s Ground Combat Vehicle (GCV) Infantry Fighting Vehicle (IFV) program. The overall goal of the GCV IFV program is to develop and produce an affordable and operationally effective Infantry Fighting Vehicle in seven years.
     

A team led by General Dynamics (NYSE: GD) that includes Lockheed Martin (NYSE: LMT), Raytheon Company (NYSE: RTN) and Tognum America, Inc., was awarded a $439.7 million contract for the Technology Development (TD) phase of the U.S. Army’s Ground Combat Vehicle (GCV) Infantry Fighting Vehicle (IFV) program. The overall goal of the GCV IFV program is to develop and produce an affordable and operationally effective Infantry Fighting Vehicle in seven years.
Artist's impression of the GCV Infantry Fighting Vehicle
     

“The General Dynamics team’s design is focused on delivering an affordable ground combat vehicle that provides optimal Soldier protection and operational effectiveness. Our design draws on affordable, mature technologies to provide protection, capacity for a nine-soldier squad, network interoperability, mobility and lethality that is unmatched by any existing infantry fighting vehicle,” said Steve Schultz, vice president, Ground Combat Vehicle Program for General Dynamics Land Systems.

“Our approach capitalizes on the proven ability and competencies of each team member to meet the requirements for an integrated next-generation fighting system,” Schultz said. “We are offering a balanced and affordable solution that meets the requirements of the U.S. Army.”

General Dynamics assembled a best-in-class team with unmatched experience and industry leading program management, systems engineering and technical expertise which resulted in an affordable and operationally effective solution. Together, this team provides a storied legacy of performance on contemporary ground combat vehicles.

“Our solution will provide a nine-Soldier squad an affordable protected mobile environment, mounted and dismounted connectivity, and superior lethality while providing the Army with the growth potential necessary to adapt the GCV IFV platform to the varied and evolving conditions of combat,” Schultz said.

The purpose of the 24-month GCV TD phase is to complete the preliminary design of the GCV and to reduce the risk of performance of the Engineering and Manufacturing Development phase of the program.
 
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