ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

GD General Dynamics Corporation

292.74
-0.63 (-0.21%)
After Hours
Last Updated: 00:16:52
Delayed by 15 minutes
Share Name Share Symbol Market Type
General Dynamics Corporation NYSE:GD NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  -0.63 -0.21% 292.74 294.07 291.83 294.00 1,008,154 00:16:52

General Dynamics Awarded $1 Billion Contract to Deliver PIRANHA 5 Wheeled Armored Vehicles to Romanian Army

12/01/2018 3:24pm

PR Newswire (US)


General Dynamics (NYSE:GD)
Historical Stock Chart


From May 2019 to May 2024

Click Here for more General Dynamics Charts.

MADRID, Jan. 12, 2018 /PRNewswire/ -- Today, General Dynamics European Land Systems signed a contract to deliver up to 227 PIRANHA 5 wheeled armored vehicles in six different configurations to the Romanian Armed Forces. The contract has a total value exceeding $1 billion. It is part of the Romanian Army's plan to modernize its legacy wheeled armored vehicle fleet. 

Today, General Dynamics European Land Systems signed a contract to deliver up to 227 PIRANHA 5 wheeled armored vehicles in six different configurations to the Romanian Armed Forces. The contract has a total value exceeding $1 billion. It is part of the Romanian Army’s plan to modernize its legacy wheeled armored vehicle fleet.

Prime Minister Mihai Tudose and Deputy Prime Minister Marcel Ciolacu attended the signing ceremony held at the National Defense Ministry headquarters.

The modern PIRANHA 5 vehicles will be produced in Romania under a strategic cooperation and transfer of technology project between General Dynamics European Land Systems - Mowag and the Romanian company Uzina Mecanică București (UMB).

Since 2006, the Romanian Armored Forces has fielded variants of PIRANHA vehicles which have been deployed in various missions in-country and abroad, demonstrating its reliability and performance.

"The Romanian Army is one of the most important PIRANHA users in Europe.  We are very honored by this contract award as it reflects the high confidence and satisfaction the Romanian Army has in our vehicles," said Oliver Dürr, Vice President Wheeled Vehicles and Managing Director of General Dynamics European Land Systems - Mowag.

"With this step, we have established a sustainable collaboration with a trusted partner which has a significant industrial footprint in Romania," said Thomas Kauffmann, General Dynamics European Land Systems Vice President International Business & Services. "The transfer of technology and the local production of these vehicles present an enormous opportunity to the Romanian industry."

With more than 11,000 systems fielded, the PIRANHA is one of the most successful 8x8 wheeled armored vehicles in the world.

About General Dynamics European Land Systems
General Dynamics European Land Systems, headquartered in Madrid, Spain, is a business unit of General Dynamics (NYSE: GD) and conducts its business through five European operating sites located in Austria, Czech Republic, Germany, Spain, and Switzerland. With more than 2,000 highly skilled technical employees, the companies design, manufacture and deliver world-class land combat, systems, including wheeled, tracked and amphibious vehicles, bridge systems, armaments, and munitions, to global customers.  More information is available at www.gdels.com.

General Dynamics Logo

 

Photo - https://mma.prnewswire.com/media/628047/General_Dynamics_Romania.jpg 
Logo - https://mma.prnewswire.com/media/81320/general_dynamics_logo.jpg  

 

Copyright 2018 PR Newswire

1 Year General Dynamics Chart

1 Year General Dynamics Chart

1 Month General Dynamics Chart

1 Month General Dynamics Chart

Your Recent History

Delayed Upgrade Clock