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Stock impact report

How the US Army botched a $1 billion upgrade of the Stryker armored vehicle's gun [Business Insider]

General Dynamics Corporation (GD) 
Last general dynamics corporation earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: investorrelations.gd.com
But the Army put in a large order before ensuring the first turrets worked properly. Fearing that its Stryker armored vehicles were outgunned by Russian and Chinese designs, the US Army had an idea for a quick fix: Develop an unmanned Stryker turret with a 30-mm autocannon. But cutting corners in the $1 billion project has led to hardware and software issues that mean the more lethal Strykers won't be available until at least the end of 2024, a year later than scheduled. "In prioritizing cost savings and rapid fielding, the Army assumed additional production risks because it did not follow sound acquisition practices," according to a Government Accountability Office report Though Army leaders said in December 2023 that software issues had been fixed , war clouds in Europe and Asia raise the prospect that Stryker units might go into battle against Russian and Chinese armored vehicles that are more heavily armed. Compared to ultra-complex projects such as the F-35 stealth fight Show less Read more
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