U.S. Army Begins a $1.35 Billion Contest for Vehicles
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The U.S. Army issued a revised request for proposals for a new class of ground-combat vehicles valued as much as $1.35 billion for the prototype phase.
Three winners will be picked for the development phase in the third quarter of 2011, and one will then be selected for a production contract seven years later, Army Colonel Anthony DiMarco said on a conference call today. Each contract will be worth as much as $450 million over 24 months, DiMarco said.