General Dynamics, Rheinmetall Compete For ~$45B US Army Vehicle Contract: Report

General Dynamics Corporation GD and American Rheinmetall reportedly compete to replace the Bradley fighting vehicle, a tracked armored fighting vehicle platform.

The U.S. Army had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle in a deal that could be worth more than $45 billion to the winner, reported Reuters.

Also Read: General Dynamics Land Systems Bags $712-Million Contract

The proposed platform has been named the XM30 Mechanized Infantry Combat Vehicle.

According to Army officials, a single competition winner will be awarded a production contract in 2027, with the first vehicles entering service in 2029.

Price Action: GD shares closed lower by 0.14% at $212.09 on Monday.