General Dynamics Unit Wins $258M Contract From US Army

General Dynamics Corporation GD unit General Dynamics Land Systems bagged a $257.6 million U.S. Army contract modification for the second phase of Low Rate Initial Production of the newly named M10 Booker Combat Vehicle, formerly Mobile Protected Firepower.

The vehicle melds the recently-developed and battle-tested designs to dominate ground threats on the multi-domain battlefield.

This latest award calls up 26 additional Booker vehicles.

"We are honored to continue to manufacture the M10 Booker Combat Vehicle," said Gordon Stein, General Dynamics Land Systems vice president and general manager for U.S. operations. 

Also Read: General Dynamics Bags ~$769M US Army Contract To Build Combat Vehicles

The Booker employs a four-person crew and features an enhanced thermal viewer and transmission and suspension systems, among others.

"The M10 provides enhanced firepower for the Army's Infantry Brigade Combat Teams and has been purpose-built to give them decisive lethality, mobility and survivability on current and future battlefields," Stein added.

Price Action: GD shares are trading higher by 0.14% to $214.59 on the last check Friday.