All Aboard the Gravy Train
General Dynamics Wins Billion-Dollar Deal
A team led by General Dynamics Corp. (GD.N) has won a big contract to design and develop new hand-held radios for U.S. troops, sources familiar with the matter told Reuters on Monday.Do you know how many politicians you could buy with $10 billion? All of them.
U.S. Army officials in Washington gave no details, but said they briefed lawmakers on the contract on Friday and planned a news release later on Monday.
The sources told Reuters the contract to supply the new software-programmable radios to the U.S. military could be worth $5 billion to $10 billion in the longer-term.