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Army Picks GM Defense For Infantry Squad Vehicle Over Rival Bids

Matthew Beinart By
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Army Picks GM Defense For Infantry Squad Vehicle Over Rival Bids
GM Defense Infantry Squad Vehicle (ISV) Concept

The Army has selected GM Defense [GM] over two industry rivals for its Infantry Squad Vehicle program to find a new lightweight air-droppable platform, awarding the company a $214.3 million production deal on Friday. GM Defense beat out Oshkosh [OSK] and SAIC [SAIC] for ISV, the two other participants in the program’s prototype phase. “Awarded the Army’s Infantry Squad Vehicle is well-deserved recognition for the hard work and dedication of the GM Defense team and our partner, Ricardo Defense. We are…

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