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GD Awarded $374 M Light Armoured Vehicle Lifecycle Support Contract
(London, Ontario, July 11, 2008) -- The Government of Canada has awarded a contract valued at $374 million (US $367 million) to General Dynamics Land Systems-Canada for a full range of lifecycle support services for the Canadian Forces fleet of Wheeled Light Armoured Vehicles. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).
Services provided under this contract include fleet management, supply support, repair and overhaul, major vehicle repair, obsolescence management, and engineering and technical services. The contract will cover a period of five years commencing on June 1, 2008, with additional option years to be exercised at the discretion of the government. This is the second phase of a lifecycle support contract originally awarded in April 2004 and successfully completed in May 2008.
Dr. Sridhar Sridharan, senior vice-president of General Dynamics Land Systems-Canada said, "This represents the continuation of a government-industry partnership that has been working effectively for over 30 years. With such a large installed fleet of our vehicles in Canada, it is important for us to provide effective and timely support to our Canadian customer." General Dynamics Land Systems-Canada is the original equipment manufacturer for the Bison, Coyote and LAV III vehicles supported by this contract.
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