Army Restarts $45 Billion Fighting Vehicle Competition
The U.S. Army has officially rebooted its effort to replace its Bradley Infantry Fighting Vehicle, six months after pulling the plug on a previous $45 billion attempt that only produced one competitor.
Late last week Army officials issued a draft request for proposals for a preliminary design for its Optionally Manned Fighting Vehicle (OMFV), the service's fourth attempt to replace the Bradley since 2009. The previous effort, abandoned in January, failed after the field was reduced to a single General Dynamics (NYSE: GD) entry.
Expect General Dynamics to be back this time around, along with potential bids from British defense giant BAE Systems (OTC: BAESY) and Germany's Rheinmetall (OTC: RNMBY). Last time around Rheinmetall partnered with Raytheon, which has since merged to become part of Raytheon Technologies (NYSE: RTX), and the Germans will likely either need to find another partner or work with Raytheon again.
Source Fool.com
