General Dynamics Wins $65M Contract by Colombian Ministry of National Defense for Light Armored Vehicles
The Colombian Ministry of National Defence has awarded a USD$65.3 million contract to General Dynamics Land Systems-Canada for 24 Light Armoured Vehicles (LAVs) for the Colombian Army. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).
The contract was signed through the Canadian Commercial Corporation, a Crown Agency of the Government of Canada.
This contract was a priority acquisition by the Colombian Ministry of National Defence and provides a new capability for the Army. Vehicles provided under this contract will be the LAV III version with double-V hull technology and add-on armour that provides crew members with the latest in protection against mine blasts, IEDs and other threats. All vehicles will be equipped with a Rafael Remote Controlled Weapon Station. Deliveries will be completed by May 2014.
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