General Dynamics Gets Grenade Launcher Contract

Business unit of General Dynamics received a $12 million contract for production of the MK47 Striker40 grenade launcher.

CHARLOTTE, N.C. (AP) -- General Dynamics Armament and Technical Products, a business unit of General Dynamics, received a $12 million contract for production of the MK47 Striker40 grenade launcher.

Production will be performed at General Dynamics in Saco, Maine, with program management shared with the company's Burlington, Vt., facility.

General Dynamics Armament and Technical Products in Charlotte, N.C., designs, develops and produces armament systems, defensive armor, aerospace components and biological and chemical detection systems for military and commercial applications.

Shares rose 72 cents to $54.04 in midday trading.

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