General Dynamics (GD), Partner Win $1.9B Deal for Combat Vehicles

Valued at $1.89 billion, the LVM project is a two-part contract — a vehicle acquisition contract and another inservice support contract over 25 years. Per the terms of the deal, the GDLS-Marchall Canada JV will supply more than 1,000 light trucks and approximately 500 heavy trucks to the CAF. Over the past few years, there has been a significant expansion in military spending by nations across the globe. This is because the countries are increasingly focused on modernizing and upgrading their defense system ...