Oct. 30 (UPI) -- U.S. Army officials on Friday announced a contract with General Dynamics Ordnance and Tactical Systems for 120mm insensitive munition high explosive with tracer tank ammunition cartridges.
The deal is said to be worth $93 million and classified as a firm-fixed-price foreign military sales contract, meaning, that General Dynamics is responsible for all risk in terms of additional costs and is ultimately responsible for resulting profit benefits or financial losses.