In a significant development, General Dynamics Land Systems, a business unit of General Dynamics Corporation GD, has been awarded a contract worth $712 million.

This contract is for the production of Stryker Double V-Hull A1 (DVHA1) vehicles. The order was placed by the U.S. Army Contracting Command – Detroit Arsenal (ACC-DTA).

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The DVHA1 is an upgraded version of the Stryker vehicle, featuring improved mobility, power and data management. The vehicle is designed to meet the Army’s operational requirements and enhance the safety of soldiers.

“The Stryker A1 features a 450-horsepower engine, 60,000-pound suspension, 910-amp alternator and in-vehicle digital network while continuing to provide unprecedented soldier survivability,” said Gordon Stein, vice president of U.S. operations at General Dynamics Land Systems.

Investors in defense-related stocks like General Dynamics and Lockheed Martin Corporation LMT, as well as ETFs like iShares U.S. Aerospace & Defense ETF ITA and SPDR S&P Aerospace & Defense ETF XAR may find this development of interest.

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This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Courtesy photo.