InvestorsHub Logo
Followers 176
Posts 24097
Boards Moderated 14
Alias Born 04/03/2002

Re: ProfitScout post# 195

Thursday, 08/31/2017 12:50:16 PM

Thursday, August 31, 2017 12:50:16 PM

Post# of 448
General Dynamics Awarded Hydra-70 Rocket Program Contract

ST. PETERSBURG, Fla., Aug. 30, 2017 /PRNewswire/ --General Dynamics Ordnance and Tactical Systems, a business unit of General Dynamics (NYSE: GD), was recently awarded a $60 million contract modification by the U.S. Army Contracting Command in Redstone Arsenal, Ala., for production of the 2.75"/70mm Hydra-70 air-to-ground rocket system for U.S. military services and Foreign Military Sales customers. This option was exercised as part of a supplies contract originally awarded to General Dynamics in 2014.

Hydra-70 is a family of unguided rockets offering several warhead configurations that enable an aircrew to match the rocket to the specific mission. Rockets can be fired from a variety of rotary and fixed-wing platforms, including the U.S. Army Apache and U.S. Marine Corps Cobra attack helicopters, the U.S. Air Force F-16 Fighting Falcon and combat aircraft of many nations worldwide.

"The versatility, reliability and affordability of the Hydra-70 rockets make them a lethality solution across multiple combat scenarios," said Eric Ellis, vice president and general manager for tactical air munitions, General Dynamics Ordnance and Tactical Systems. "We look forward to continuing to provide this critical munition to the U.S. warfighters and allies."

More information on General Dynamics Ordnance and Tactical Systems is available at http://www.gd-ots.com.

More information about General Dynamics is available at www.generaldynamics.com.

https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg


View original content with multimedia:http://www.prnewswire.com/news-releases/general-dynamics-awarded-hydra-70-rocket-program-contract-300511435.html

SOURCE General Dynamics
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent GD News