Monday, March 22, 2010

DTN News: UK To Award Tanks Contract To General Dynamics - Report

DTN News: UK To Award Tanks Contract To General Dynamics - Report Source: DTN News / Reuters (NSI News Source Info) LONDON, UK - March 22, 2010: The UK government will award a key army contract to U.S. firm General Dynamics' (GD.N) UK arm on Monday, leaving rival British bidder BAE Systems (BAES.L) out in the cold, according to the Sunday Times. The first phase of the 4 billion pounds ($6.08 billion) contract to build armored reconnaissance vehicles will be announced on Monday, the newspaper said. BAE had put forward a jobs creation package in an attempt last week to secure the deal. The Ministry of Defense said only that "an announcement would be made in due course." General Dynamics UK could not immediately be reached for comment. (Reporting by Rosalba O'Brien; Editing by Hans Peters)

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