The U.S. Army TACOM Life Cycle Management Command has awarded a USD$126 million contract modification to General Dynamics Land Systems-Canada for 73 Light Armored Vehicles (LAVs) for a Foreign Military Sale (FMS). With this latest contract modification, the original contract, announced on January 4, 2011, is now valued at USD$264 million for 155 LAVs. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).
The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Canadian Government.
Dr. Sridhar Sridharan, senior vice-president and general manager for International Operations, General Dynamics Land Systems, said, "We are pleased to be extending our relationship with TACOM in support of their Foreign Military Sales program. This order for additional vehicles is the best testament to the effectiveness of our Light Armored Vehicles with our international customers."
Vehicles provided under this contract will be the LAV II version a 300 horsepower 8x8 vehicle with a gross vehicle weight of up to 32,000 lbs (14,500 kg). The vehicles will be produced in six different variants.