General Dynamics' Land Systems Unit Inks Strategic Teaming Agreement With Epirus

General Dynamics Corp GD business unit Land Systems has entered a Strategic Teaming Agreement with Epirus, Inc. to enhance the next-generation ground combat vehicle fleet. The financial terms of the arrangement were not disclosed.
Epirus is a technology company developing directed energy systems that enable unprecedented counter-electronics effects.
GD and Epirus will partner to integrate the Leonidas directed energy system and broader high-power microwave technology into the U.S. Army's Stryker and other manned and autonomous ground combat vehicles for enhanced mobile Short Range Air Defense (SHORAD) capabilities.
In addition, the company also is developing a class of robotic combat vehicles that feature modular architecture to maximize scalability and support future mission needs.
Price Action: GD shares are trading lower by 0.49% at $208.49 on the last check Monday.