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Benzinga
Benzinga
Business
Akanksha Bakshi

General Dynamics To Begin Work On $518M Global Logistics Contract To Support US Army CECOM

GD United States GAO General Dynamics Corp Government Accountability Office NYSE
  • General Dynamics Corp (NYSE:GD) business unit General Dynamics Information Technology (GDIT) has received a $518 million task order award from the U.S. Army Communications-Electronics Command (CECOM).
  • The company will provide logistics, sustainment, and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.
  • The task order was provided under the Responsive Strategic Sourcing for Services Multiple Award IDIQ contract awarded in April 2021.
  • The Government Accountability Office (GAO) announced in December that work could commence following the dismissal of two contract award protests.
  • Price Action: GD shares traded lower by 0.86% at $210.99 on the last check Monday.
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