General Dynamics' (NYSE:GD) Armament and Technical Products business unit has been awarded a $286 million contract by the U.S. Army for the production of the Hydra-70 air-to-ground rocket.The U.S. Army Contracting Command in Redstone Arsenal, Alabama, awarded the contract which exercises a fiscal year 2011 option on an existing contract."The Hydra is a cost-effective, versatile, combat-proven weapon that enhances the survivability, protection and mission success of the U.S. military and its allies," said Russ Klein, vice president and general manager of weapon systems for General Dynamics Armament and Technical Products. "We recently produced our four-millionth Hydra, and we look forward to the five-millionth, in fulfilling our commitment to deliver a high-quality product to warfighters in the field."Final deliveries are scheduled to be completed in April of 2015 under the contract.Shares of General Dynamics are trading up 0.83% at $72.89.