economy
General Motors announces new defense partnership with Lockheed Martin
General Motors announced a new defense partnership with Lockheed Martin as the country ramps up its production of weapons.
TL;DR
- General Motors and Lockheed Martin have formed a new partnership focused on scaling defense manufacturing.
- The collaboration is facilitated by the U.S. Department of Defense and will address munitions and other defense products.
- Key areas of focus include improving production readiness, strengthening supply chains, and applying advanced manufacturing approaches.
- Lockheed Martin plans to invest $9 billion by 2030 in facility modernization, while GM will spend $7 billion on U.S. R&D.
- The partnership aims to increase the speed, scale, and resilience of the U.S. defense industrial base.