General Dynamics Corporation (NYSE:GD) and American Rheinmetall reportedly compete to replace the Bradley fighting vehicle, a tracked armored fighting vehicle platform.
The U.S. Army had selected General Dynamics and American Rheinmetall to compete to replace the Bradley fighting vehicle in a deal that could be worth more than $45 billion to the winner, reported Reuters.
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The proposed platform has been named the XM30 Mechanized Infantry Combat Vehicle.
According to Army officials, a single competition winner will be awarded a production contract in 2027, with the first vehicles entering service in 2029.
Price Action: GD shares closed lower by 0.14% at $212.09 on Monday.
