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General Dynamics gets $58M Army contract
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WASHINGTON - The Army said Tuesday that it has awarded a $58 million contract to General Dynamics Corp. for work on tanks for Saudi Arabia.
The contract, awarded Friday, is for engineering work converting Abrams tanks into a variant for the Saudi military. Work is expected to be completed by 2010.
Shares of Falls Church, Va.-based General Dynamics rose $2.75 to $63.77 Tuesday.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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