General Dynamics (NYSE: GD), Lockheed Martin (NYSE: LMT), Raytheon Company (NYSE: RTN) and Tognum America, Inc, were awarded as a group -- a $439.7 Million contract from the U.S. Army.
The team of federal defense contracts will work on the Technology Development (TD) phase of the U.S. Army's Ground Combat Vehicle(GCV) Infantry Fighting Vehicle (IFV) program. It is expected that the results will produce affordable and effective Infantry Fighting Vehicle within a time-frame of seven years.
"Our approach capitalizes on the proven ability and competencies of each team member to meet the requirements for an integrated next-generation fighting system," said Steve Schultz, vice president, Ground Combat Vehicle Program for General Dynamics. "We are offering a balanced and affordable solution that meets the requirements of the U.S. Army."
A breakdown of the groups tasks is as follows,
Lockheed Martin of Bethesda, Maryland will be in charge of turret, lethal and non-lethal effects and embedded training.
Raytheon of Waltham, Massachusetts duties involve RPG protection system, indirect-vision and sensor integration.
Tognum America of Detroit, Michigan will be responsible for the power pack, which components include the engine, transmission and generator. Tognum America is a subsidiary of Friedrichshafen, Germany-based Tognum AG which is in the process of being controlled by Daimler AG and Rolls Royce plc. Tognum America recently announced a headquarters move to Novi, Michigan.
General Dynamics of Falls Church, Virginia -- C4 Systems division is the prime contractor and will be responsible for network integration, communications, computing and information assurance.
"Our solution will provide a nine-Soldier squad an affordable protected mobile environment, mounted and dismounted connectivity, and superior lethality while providing the Army with the growth potential necessary to adapt the GCV IFV platform to the varied and evolving conditions of combat," Schultz said.
The announcement noted the following sites for work completion, General Dynamics Land Systems sites in Sterling Heights, Mich., and Lima, Ohio; Lockheed Martin in Grand Prairie, Texas; Raytheon in McKinney and Plano, Texas; General Dynamics C4 Systems in Scottsdale, Ariz., Taunton, Mass., and Fort Wayne, Ind.; and Tognum America in Detroit, Mich., Aiken, S.C., and Friedrichshafen, Germany.