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General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today that it has been selected as one of three prime contractors on the U.S. Department of State's Global Support Strategy (GSS) 2.0 indefinite delivery, indefinite quantity contract vehicle (IDIQ). The IDIQ, awarded in fourth-quarter 2020, has a total estimated value of up to $3.3 billion over a 10 year period, inclusive of a one-year base period and nine one-year options.
An improved performance from General Dynamics' (GD) majority of segments is likely to have positively impacted its Q4 results.