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GENERAL DYNAMICS EUROPEAN LAND SYSTEMS (GDELS) AWARDS RAY

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ProfitScout   Friday, 10/05/18 11:58:05 AM
Re: ProfitScout post# 266
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GENERAL DYNAMICS EUROPEAN LAND SYSTEMS (GDELS) AWARDS RAY SERVICE CONTRACT

OSTRAVA, Czech Republic, Oct. 5, 2018 /PRNewswire/ -- General Dynamics European Land Systems (GDELS) awarded Ray Service a contract exceeding 100.000.000 CZK during the NATO days in Ostrava on the 15th September, 2018. This award further strengthens the partnership between General Dynamics and Ray Service whose relationship dates back to 2010 when GDELS delivered 107 PANDUR 8x8 vehicles to the Czech Army. Ray Service was one of the key suppliers on that program utilizing their vast experience and capabilities in engineering and production of cable harnesses and electromechanical assemblies. In the last decade, GDELS has awarded contracts valued at over 500.000.000 CZK to Ray Service for electrical systems.

Sven Nolle Vice President of Supply Chain Management at GDELS said: "We have a proven record of incorporating Czech industrial companies into the GD global supply chain. Ray Service is a prime example. This innovative Czech company has performed to the highest standards of quality and security in the industry and therefore fulfils the stringent requirements to be a supplier to GDELS"

"This order is another example of the great partnership between both companies and we are looking forward to additional cooperation possibilities in the area of new land system programmes in the Czech Republic," said Jakub Gabriel, Managing Director and the Vice-Chairman of the Board of Ray Service.

The government of the Czech Republic has a requirement to replace its legacy fleet of tracked armoured vehicles with modern infantry fighting vehicles. GDELS has been down-selected as a potential candidate for this competition with its modern tracked armoured vehicle ASCOD.

The signature of the contract was also commented by Tomáš Kopecný, Director of Industrial Cooperation at the Department of the Ministry of Defence: "Ray Service partnership with GD is great example of how Czech defence companies can be included in the supply chain of large international OEM's. Today's significant order from GD is another, and surely not last evidence, that Czech companies and their technologies are competitive on the global defence market."

Finally, Dr. Thomas Kauffmann, Vice President International Business and Services at GDELS pointed out: "With this new contract, we clearly reconfirm our strong commitment to the Czech Army. The Czech Republic is one of GDELS's home-markets and we are proud of having a vast and proven network of cooperation with various industry partners across the country, like Ray Service."

About the companies:

General Dynamics European Land Systems (GDELS), headquartered in Madrid, Spain, is a business unit of General Dynamics (NYSE:GD), and conducts its business through five European operating sites located in Austria, Czech Republic, Germany, Spain and Switzerland. With over 1,800 highly skilled technical employees, the company designs, manufactures and delivers land combat systems, including wheeled, tracked and amphibious vehicles, bridge systems, armaments and munitions, to global customers. More information is available at http://www.gdels.com.

Ray Service, a.s. is a Czech innovative manufacturing and trading company providing outstanding solutions in cable harnesses, electromechanical assemblies, electronic equipment and cable components for a wide range of aviation and defence customers. The company is based in Stare Mesto and employs 240 people. In 2018 the turnover of the company will exceed 500mil. CZK.

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/general-dynamics-european-land-systems-gdels-awards-ray-service-contract-300725243.html

SOURCE General Dynamics European Land Systems

News Provided by PR Newswire via QuoteMedia

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