General Dynamics unit wins US$870 million contract from Spain

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General Dynamics unit wins US$870 million contract from Spain
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General Dynamics Corp said on Tuesday its joint venture along with Spanish defense contractor Santa Bárbara Sistemas had won a contract worth ...

NEW YORK: General Dynamics Corp said on Tuesday its joint venture along with Spanish defense contractor Santa Barbara Sistemas had won a contract worth US$870 million for wheeled combat vehicles from the Spanish Ministry of Defense.

The deal, a part of a larger contract valued at US$2.06 billion to deliver 348 wheeled combat vehicles to the Spanish military, was given to the joint venture of General Dynamics European Land Systems and Santa Barbara Sistemas as well as three other companies.It includes the maintenance and life cycle support of the vehicles and support for their international commercialisation. The vehicles are expected to be delivered over a seven-year period.

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