General Dynamics (NYSE: GD) subsidiary General Dynamics Land Systems based in Ontario, Canada won a $42 Million contract to supply 33 Light Armored Vehicles (LAV-A2) to the United States Marine Corps.
Falls Church, Va., based General Dynamics' division will supply the LAV-A2 in several configurations. The vehicles will be designed to withstand various environments in air-ground defensive and offensive operations.
The $42 Million contract will go towards production of the vehicles at a manufacturing facility in London, Ontario Canada. The vehicles should be completed by December 2012.
The Canadian Commercial Corporation, a Crown Agency of the Canadian Government, awarded the contract to General Dynamics Land Systems-Canada.