WASHINGTON (AFX) - The U.S. Army on Monday awarded General Dynamics Corp. a pair of contracts worth more than $20 million for work on Stryker combat vehicles.
Both awards are contract modifications valued at about $20.4 million combined for repair of Strykers returning from Operation Iraqi Freedom.
Work on one order will be performed in Sterling Heights, Mich., and London, Canada, and is expected to be completed by Dec. 31. Besides those two cities, work on the second order also will be performed in Doha, Qatar, and is expected to be completed by June 30, 2007.
Shares of General Dynamics added $1.01 to $70.75 in after-hours trading on the INET electronic stock exchange, after gaining 37 cents to close at $69.74 on the New York Stock Exchange.
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