General Dynamics to Deliver IT Services to U.S. Army Europe
General Dynamics Corp. GD received a contract from the General Services Administration to provide Information Technology (“IT”) services to the U.S. Army Europe. The contract, known as the U.S. Army Europe (“USAREUR”) Theater Mission Command Contract II (“TMCC II”), has a potential value of $184 million and will span for five years, if all options are exercised.
Specifically, this contract was given to General Dynamics One Source, a joint venture of two General Dynamics business units − General Dynamics Information Technology and General Dynamics Mission Systems.
The company will provide IT services for sustainment support in garrison and deployed locations of Mission Command Networks and Systems. This will support USAREUR, Joint, Coalition, and North Atlantic Treaty Organization (“NATO”) operations.
General Dynamics’ work under the contract will cover enterprise IT support services to include IT service management, systems engineering, data protection, cross domain solutions and information exchange, and technical advisory services management to USAREUR.
General Dynamics’ diverse product portfolio along with its spread out customer base provides it with an opportunity to generate revenues from different sources. The latest contract, TMCC II, is responsible for delivering mission-critical IT services to the USAREUR Warfighter and NATO coalition partners.
Zacks Rank
General Dynamics currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the defense space are Engility Holdings, Inc. EGL, CAE Inc. CAE and Esterline Technologies Corp. ESL, all with a Zacks Rank #2 (Buy).
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