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US Military to Buy More Air-to-Surface Missiles for Helicopters: Contractor

© AP Photo / General DynamicsIn this undated handout photo released by General Dynamics, a technician loads Hydra-70 rockets
In this undated handout photo released by General Dynamics, a technician loads Hydra-70 rockets - Sputnik International
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The US has prolonged the contract with the General Dynamics, one of the world's top 10 defense contractors, on production of the Hydra-70 air-to-surface missiles used on helicopters and some aircraft.

WASHINGTON, December 2 (Sputnik) — General Dynamics, a top US defense contractor, has renewed a contract with the US military to produce the Hydra-70 air-to-surface missiles used on helicopters and some aircraft, the company announced Monday.

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"The Hydra 70 rocket is a combat-proven, cost-effective weapon that enhances the survivability and mission success of the warfighter," Dan Paul, vice president and general manager for precision systems, General Dynamics Ordnance and Tactical Systems, said in a statement.

General Dynamics has produced nearly five million Hydra-70 rockets for all branches of the US military since 1996. The rocket is mounted on helicopters such as the Apache and Cobra.

"The award includes five potential options through 2018, with work expected to be complete by 2020," the statement reads.

General Dynamics is one of the world's top 10 defense contractors. Its stock is up nearly 50 percent this year.

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