tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GM Defense receives full-rate production decision from U.S. Army

GM Defense LLC, a subsidiary of General Motors, said that the U.S. Army provided a full-rate production decision for the Infantry Squad Vehicle. GM Defense won the initial $214.3M contract to develop the light and agile all-terrain troop carrier to transport a nine-Soldier infantry squad and their equipment in June 2020. I’m proud of the GM Defense team for reaching this important milestone in the Infantry Squad Vehicle program and am thankful for the close relationship we maintain with our trusted U.S. Army program office customer," said Steve duMont, GM Defense president. "Achieving the ISV full-rate production decision strengthens our credibility and amplifies the success of our manufacturing processes. By working in close collaboration with our customer, we have delivered more than 300 vehicles to our U.S. Army customer with many already fielded to the Army’s 82nd and 101st Airborne Divisions."

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Published first on TheFly

See Insiders’ Hot Stocks on TipRanks >>

Read More on GM:

Disclaimer & DisclosureReport an Issue

1