General Dynamics Awarded $374 Million Light Armoured Vehicle Lifecycle Support Contract by the Government of Canada

The Government of Canada has awarded a contract valued at $374 million (US $367 million) to General Dynamics Land Systems-Canada for a full range of lifecycle support services for the Canadian Forces fleet of Wheeled Light Armoured Vehicles. General Dynamics Land Systems, the Canadian company's parent corporation, is a business unit of General Dynamics (NYSE: GD).

Services provided under this contract include fleet management, supply support, repair and overhaul, major vehicle repair, obsolescence management, and engineering and technical services. The contract will cover a period of five years commencing on June 1, 2008, with additional option years to be exercised at the discretion of the government. This is the second phase of a lifecycle support contract originally awarded in April 2004 and successfully completed in May 2008.

Dr. Sridhar Sridharan, senior vice-president of General Dynamics Land Systems-Canada said, "This represents the continuation of a government-industry partnership that has been working effectively for over 30 years. With such a large installed fleet of our vehicles in Canada, it is important for us to provide effective and timely support to our Canadian customer." General Dynamics Land Systems-Canada is the original equipment manufacturer for the Bison, Coyote and LAV III vehicles supported by this contract.

Lifecycle support continues to be an important part of General Dynamics Land Systems-Canada's overall business and has grown significantly over the last several years. In addition to expanded facilities in London, the company has established a new facility in Edmonton and a fleet management team that supports the Department of National Defence on site in Ottawa. Additional support is also provided through a network of Canadian suppliers located from coast-to-coast.