Benzinga | Oct 25, 2021 02:24PM EDT

General Dynamics' Land Systems Unit Inks Strategic Teaming Agreement With Epirus

* General Dynamics Corp (NYSE:GD) business unit Land Systems has entered a Strategic Teaming Agreement with Epirus, Inc. to enhance the next-generation ground combat vehicle fleet. The financial terms of the arrangement were not disclosed.

* Epirus is a technology company developing directed energy systems that enable unprecedented counter-electronics effects.

* GD and Epirus will partner to integrate the Leonidas directed energy system and broader high-power microwave technology into the U.S. Army's Stryker and other manned and autonomous ground combat vehicles for enhanced mobile Short Range Air Defense (SHORAD) capabilities.

* In addition, the company also is developing a class of robotic combat vehicles that feature modular architecture to maximize scalability and support future mission needs.

* Price Action: GD shares are trading lower by 0.49% at $208.49 on the last check Monday.