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Army Picks GM Defense For Infantry Squad Vehicle Over Rival Bids

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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