General Dynamics to win British army contract: FT
March 14, 2010
The contract for Scout vehicles is worth more than one billion pounds
General Dynamics is the winner over BAE Systems in the race to build a new generation of armoured reconnaissance vehicles for the British army, the Financial Times reported on Saturday.
The contract for Scout vehicles is worth more than one billion pounds (1.5 billion dollars, 1.1 billion euros), the newspaper said.
British defence equipment minister Quentin Davies will name General Dynamics -- a major US defence contractor -- as the preferred bidder in the deal to build an initial 750 vehicles, the Financial Times said.
Losing out on the Scout contract would be a blow for Britain's BAE Systems and could put jobs at risk in its armaments division.
The Ministry of Defence in London declined to comment on the report when contacted by AFP.
AFP
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