Benzinga | Jan 31, 2022 03:40PM EST

General Dynamics To Begin Work On $518M Global Logistics Contract To Support US Army CECOM

* General Dynamics Corp (NYSE:GD) business unit General Dynamics Information Technology (GDIT) has received a $518 million task order award from the U.S. Army Communications-Electronics Command (CECOM).

* The company will provide logistics, sustainment, and maintenance services for joint U.S. and coalition forces worldwide within the Army Field Support Brigade (AFSB) regions.

* The task order was provided under the Responsive Strategic Sourcing for Services Multiple Award IDIQ contract awarded in April 2021.

* The Government Accountability Office (GAO) announced in December that work could commence following the dismissal of two contract award protests.

* Price Action: GD shares traded lower by 0.86% at $210.99 on the last check Monday.