Shows & Panels
- AFCEA Answers
- Ask the CIO
- The Big Data Dilemma
- Carrying On with Continuity of Operations
- Connected Government
- Constituent Servicing
- Continuous Monitoring: Tools and Techniques for Trustworthy Government IT
- The Cyber Imperative
- Cyber Solutions for 2013 and Beyond
- The Data Privacy Imperative: Safeguarding Sensitive Data
- Expert Voices
- Federal Executive Forum
- Federal IT Challenge
- Federal Tech Talk
- Mission-critical Apps in the Cloud
- The Modern Federal Threat Landscape
- The Path from Legacy Systems
- The Real Deal on Digital Government
- The Reality of Continuous Monitoring... Is Your Agency Secure?
- Veterans in Private Sector: Making the Transition
Shows & Panels
GenDyn, BAE awarded $900M Ground Combat Vehicle contract
Friday - 8/19/2011, 9:59am EDT
General Dynamics and BAE Systems are the big winners of the nearly $1 billion contract. The awards, about $440 million each, are for the technology development phase of a new Infantry Fighting Vehicle. The contracts span 24 months.
The contract award is the first step after the GCV program was given permission fro DoD to enter the technology development phase, the Pentagon said in a release.
In the release, Army Secretary John McHugh said launch of the GCV would provide "much needed protection and mobility to soldiers in combat."
But even at the beginning stages of the program, finances are top of mind, he added.
"Given the economic environment the nation currently faces, the Army recognizes that it is imperative to continually address requirements as we build a versatile, yet affordable, next-generation infantry fighting vehicle," McHugh said.
General Dynamics said it will work with Lockheed Martin and Raytheon, among other defense contractors, according to a company release.
The Army said it hopes to have new vehicles on the ground in seven years.
This story is part of Federal News Radio's daily DoD Report. For more defense news, click here.