General Dynamics Gets $24 Million Contract from Lockheed Martin

Lockheed Martin F-35
Image by Lockheed Martin Corp

General Dynamics' (NYSE: GD) Armament and Technical Products business unit was given a contract by Lockheed Martin (NYSE: LMT) for work on the F-35 Lightning II Gun System also known as GAU-22/A.

General Dynamics will produce more than two dozen GAU-22/A gun systems under a $23.6 million contract. The lighter weight and improved GAU-22/A will be mounted onto all three F-35 variants including internally on the F-35A and externally on the F-35B and F-35C. Previously, General Dynamics was installing the older GAU-12/U model on the F-35 starting from 2009.

Bethesda, Md.-based Lockheed Martin is the lead contractor behind the next generation Joint Strike Fighter planes commonly known as the F-35 Lighting II. The fifth-gen fighter planes will be used by all branches of the U.S. military including U.S. military allies.

General Dynamics with headquarters in Falls Church, Va will produce the gun systems in its Saco, Maine facility which employs more than 400.

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