General Dynamics Advances $400 Million Ground Combat Vehicle

General Dynamics (NYSE: GD  ) has trundled one step closer to building the Army's next big armored vehicle system.

On Friday, the defense contractor responsible for keeping the U.S. Army supplied with its Abrams main battle tanks and Stryker armored personnel carriers (APCs) announced that it has completed preliminary design review on its new Ground Combat Vehicle Infantry Fighting Vehicle. GCV, as the project is known, is a next-generation combat system that could eventually supplement or replace the Army's current fleet of Bradley and Stryker APCs.

General Dynamics, along with team members Lockheed Martin, Raytheon, and Tognum America, won a $439.7 million contract to develop the GCV in 2011. It has until Q2 2014 to finish the work, with a view toward eventually beginning production of the GCV for the Army around 2019.

Last month, the GCV underwent a four-day review designed to determine whether the vehicle, at this point in its development, looks likely to accomplish the "Tier 1" tasks the Army has set for it, including proving the system's ability to survive mine and rocket propelled grenade (RPG) blasts, and to do so at a reasonable cost. Having passed this test, the company will now proceed to prove that GCV can also accomplish lower priority Tier 2 requirements.

Within the project, partner Lockheed is responsible for building the GCVs turret and its offensive capabilities. Raytheon is responsible for defenses against RPGs, indirect vision equipment, and sensor integration. Tognum is taking care of the engines.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2719053, ~/Articles/ArticleHandler.aspx, 9/25/2016 1:45:40 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/23/2016 4:01 PM
GD $153.81 Down -1.05 -0.68%
General Dynamics CAPS Rating: ****