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Wed December 5, 2012
$60 million for military contractors in Michigan
That's money military contractors in Michigan have received in the last week. Most of the money is coming from foreign governments, according to Crain's Detroit Business:
Sterling Heights-based General Dynamics Land Systems won a $37.6 million single-bid modification to a previous contract to fund a coproduction effort on the M1A1 Abrams main battle tank in Egypt.
The company has had an agreement with the Egyptian government dating back to the early 1990s for the M1A1, which generally involves some component production in the U.S. and final vehicle assembly in that country.
Including Egypt, other Michigan related contracts are coming from Iraq and Israel, according to Crain's.