General Dynamics Corporation’s GD Land Systems business unit recently secured a $13.7-MILLION modification contract to provide technical support services for the Abrams tank system. The contract has been awarded by the U.S. Army Contracting Command, Warren, MI.Work related to the deal will be performed in Sterling Heights, MI, and is scheduled to be completed by Sep 30, 2022.Solid Demand for MBTsNations are developing advanced new generation main battle tanks (MBTs) to equip their militaries amid rising geopolitical tensions. General Dynamics’ Abrams battle tank is one such tank and thus its demand continues to soar.Apart from the solid demand on the domestic front, it has a robust customer base overseas. Major international militaries of nations like Egypt, Kuwait, Saudi Arabia, Australia, and Iraq are the primary customers of Abrams battle tanks. Therefore, General Dynamics witnesses solid contract flow for Abrams from Pentagon and other U.S. allies.The company won a $4.62 billion worth contract for manufacturing Abrams M1A2 SEPv3 tanks, last year. The latest contract win is yet another bright example of the solid demand that this tank enjoys.The fiscal 2022 U.S. defense budget included an allotment of $70 million for Abrams battle tank modifications. Such budgetary provisions should usher in more contract wins for the Abrams system and its associated technical upgrades from Pentagon. Such contract wins are likely to boost the company’s profit margin, going ahead.ProspectsPer a report by Mordor Intelligence, the MBT market is expected to register a CAGR of more than 3% during 2020-2025, which bodes well for manufacturers of such battle tanks like General Dynamics, BAE Systems Plc BAESY, and Hyundai Rotem - part of Hyundai Motor Group HYMLF.Price PerformanceShares of General Dynamics have gained 41.5% in a year against the industry’s decline of 5.6%.Image Source: Zacks Investment ResearchZacks Rank & A Key PickGeneral Dynamics currently carries a Zacks Rank #3 (Hold). A better-ranked stock in the same industry is Textron Inc. TXT, which holds a Zacks Rank #2 (Buy) You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Textron delivered an earnings surprise of 37.41%, on average, in the last four quarters. The Zacks Consensus Estimate for 2021 earnings indicates growth of 58.5%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report General Dynamics Corporation (GD): Free Stock Analysis Report Textron Inc. (TXT): Free Stock Analysis Report Bae Systems PLC (BAESY): Free Stock Analysis Report Hyundai Motor Co. (HYMLF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research