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General Dynamics Land Systems awarded Canadian Logistics Vehicle Modernization contract
General DynamicsGeneral Dynamics(US:GD) Prnewswireยท2024-06-07 21:46

Core Insights - General Dynamics Land Systems (GDLS) and Marshall Canada have been awarded contracts totaling $2.58 billion CAD ($1.88 billion USD) to supply the Canadian Armed Forces (CAF) with a new fleet of logistics vehicles [1][4]. - The Logistics Vehicle Modernization (LVM) project consists of two contracts: one for vehicle acquisition valued at $1.5 billion CAD ($1.1 billion USD) and another for in-service support valued up to $1.08 billion CAD ($790 million USD) over 25 years [4]. Company Overview - GDLS is a business unit of General Dynamics, which is a global aerospace and defense company with over 100,000 employees across 65 countries and generated $42.3 billion in revenue in 2023 [7]. - GDLS-Canada employs approximately 1,800 people in London, Ontario, focusing on the design, manufacture, and support of light- and medium-armored vehicles [5]. Project Details - GDLS and Marshall Canada will deliver more than 1,000 light trucks and approximately 500 heavy trucks, along with associated equipment such as armored protection kits, modules, containers, and trailers [2]. - The project will involve integration and support services throughout its lifecycle, with collaboration from partners including Mercedes-Benz (Daimler Trucks), Soframe, and Manac, Inc. [4][5]. Leadership Statement - Dave Paddock, president of General Dynamics Land Systems, emphasized the importance of collaboration with global customers and industry to provide capable solutions to soldiers, highlighting GDLS's innovative engineering and customer support [5].