General Dynamics, Rheinmetall Compete For ~$45B US Army Vehicle Contract: Report
Portfolio Pulse from Akanksha Bakshi
General Dynamics Corporation (NYSE:GD) and American Rheinmetall are competing to replace the Bradley fighting vehicle in a deal worth over $45 billion. The U.S. Army will award a production contract to the winner in 2027, with the first vehicles entering service in 2029.
June 27, 2023 | 12:07 pm
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General Dynamics is competing with American Rheinmetall for a $45 billion contract to replace the Bradley fighting vehicle. The winner will be awarded the contract in 2027.
General Dynamics is in direct competition with American Rheinmetall for the contract, which could be worth over $45 billion. The outcome of the competition will not be determined until 2027, so the short-term impact on GD's stock price is neutral.
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