General Dynamics gets $3.5 billion scout vehicle contract from Germany

(Reuters) -General Dynamics said on Monday that its Europe unit has secured a contract for about 3 billion euros ($3.50 billion) to deliver next-generation reconnaissance vehicle for the German Army Reconnaissance Corps.

The contract was commissioned to General Dynamics European Land Systems by the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw).

The company said the scout vehicle system features state-of-the-art, networked reconnaissance sensor technology, superior mobility, and assertiveness.

The news comes after Reuters reported, citing finance ministry documents, that the German government would order armoured vehicles for almost 7 billion euros.

Earlier this month, the company secured a $1.25 billion IT contract to support the U.S. Army in Europe and Africa. In September, it secured a $1.5 billion contract from the U.S. Strategic Command, or STRATCOM.

($1 = 0.8575 euros)

(Reporting by Anshuman Tripathy in Bengaluru; Editing by Maju Samuel)

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