Deals and M&As this week: General Dynamics, Navistar, Carolina Growler

7 December 2018 (Last Updated December 6th, 2018 12:56)

The US State Department has approved a foreign military sale of upgrades for 162 Abrams tanks and additional equipment to the Government of Morocco at an estimated cost of $1.26bn.

The US State Department has approved a $1.26bn foreign military sale of upgrades for 162 Abrams tanks and additional equipment to the Government of Morocco with General Dynamics Land Systems as lead contractor.

Morocco will also procure baseline version of M1A1 Abrams situation awareness, M1A2M thermal viewer, and optional slew-to-cue capability for the US Marine Corps’ M1A1 versions, as part of Excess Defence Article (EDA) programme.

The contract includes 162 units of single-channel ground and airborne radio systems (SINCGARS), 162 M250 smoke grenade launchers, and 162 M2 Chrysler mount machine guns among other weapons and equipment.

Work will be performed at Joint Systems Manufacturing Center in Ohio, US and Anniston Army Depot at Alabama, US.

The US State Department has agreed to supply high-mobility artillery rocket system (HIMARS) M142 launchers along with associated equipment to Poland, under a $655m foreign military sale.

The deal includes the sale of 20 HIMARS M142 launchers, nine guided multiple launch rocket system (GMLRS) M30A1 alternative warheads, and other ammunition, including 20 multiple launcher pod assembly M68A2 trainers.

“Navistar International has agreed to sell a majority stake in its Navistar Defense business unit to Cerberus Capital Management, a US-based private equity firm.”

The contract includes the supply of 36 guided multiple launch rocket system (GMLRS) M31 unitary, 24 advanced field artillery tactical data systems (AFATDS), and 20 low-cost reduced range (LCRR) practice rockets.

Lockheed Martin is the principal contractor for the deal.

The US Army has awarded a $66.67m contract to Carolina Growler for M1269 light engineer utility trailers.

Contractual work will be performed in multiple locations until November 2025.

Based in Carolina, US, Carolina Growler manufactures military vehicles and trailers and provides maintenance and repair services.

FWW Fahrzeugwerk has been acquired by General Dynamics European Land Systems (GDELS) for an undisclosed amount.

Based in Germany, FWW produces armoured and special equipment vehicles and provides maintenance, repair and modification services.

FWW will operate as a subsidiary of GDELS–Deutschland unit located in Berlin.

The acquisition allows GDELS to offer a wide range of services to its customers while expanding its market in Germany.

US-based company Navistar International has agreed to sell a majority stake in its Navistar Defense business unit to Cerberus Capital Management, a US-based private equity firm.

Cerberus Capital Management, through its affiliates, will obtain a 70% stake in Navistar Defense by the end of the year.

Navistar Defense manufactures military vehicles and provides related support solutions to various customers in 28 countries.