General Dynamics Land Systems Awarded Canadian Logistics Vehicle Modernization Contract Totaling $1.88B
Portfolio Pulse from Benzinga Newsdesk
General Dynamics Land Systems (GDLS), a unit of General Dynamics (NYSE:GD), has been awarded a $1.88 billion contract to provide the Canadian Armed Forces with new logistics vehicles.
June 07, 2024 | 11:27 pm
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General Dynamics Land Systems, a unit of General Dynamics, has secured a $1.88 billion contract to supply the Canadian Armed Forces with new logistics vehicles.
The $1.88 billion contract is a significant revenue boost for General Dynamics, likely leading to positive short-term stock price movement. The contract also strengthens GD's position in the defense sector.
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