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  • Friday, November 22, 2024

General Dynamics Unit Secures $3.4B Army Contract for Rocket Production, Engineering

General Dynamics' (NYSE: GD) ordnance and tactical systems business will manufacture and engineer Hydra-70 rocket systems for the U.S. Army under a potential $3.42B contract.

Army Contracting Command received one bid for the cost-plus-fixed-fee, firm-fixed-price contract that runs through Sept. 30, 2026, the Department of Defense said Friday.

The Hydra-70 rocket is designed with omni-directional remote-set fuzes and Mk 66 Mod 4 motors. According to GD-OTS, the system can be fired from existing seven and 19-tube launchers or be mounted on rotary and fixed-wing aircraft platforms.

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