GM Defense Canada Receives Contract Award From Canadian Armed Forces For An Additional 18 Modern Light Tactical Vehicles
Portfolio Pulse from Benzinga Newsdesk
GM Defense Canada, a subsidiary of GM Defense, has been awarded a C$35.8 million contract by the Canadian Armed Forces for 90 light tactical vehicles, with an option for an additional 18 vehicles. The first vehicles are expected to be delivered five weeks after the contract award.
July 23, 2024 | 1:58 pm
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GM Defense Canada, a subsidiary of GM Defense, has secured a C$35.8 million contract from the Canadian Armed Forces for 90 light tactical vehicles, with an option for 18 more. This contract is expected to positively impact GM's revenue and strengthen its position in the defense sector.
The contract award from the Canadian Armed Forces is a significant win for GM Defense Canada, likely boosting GM's revenue and enhancing its reputation in the defense sector. The delivery of the first vehicles within five weeks indicates a quick revenue realization.
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IMPORTANCE 70
RELEVANCE 80