Overview
General Motors (NYSE:GM) is currently in negotiations with Lockheed Martin (NYSE:LMT) to produce components for the latter’s weapons systems, according to a Wall Street Journal report citing sources familiar with the matter.
Details of the Proposed Arrangement
- GM would supply commonly used parts that are intended to increase Lockheed Martin’s munitions output. The exact components under discussion have not been disclosed.
- No definitive agreement has been reached; the terms remain subject to change.
Context
- The discussions come as U.S. weapons stockpiles have fallen amid the conflicts in Ukraine and Iran.
- The Trump administration and the Pentagon have been encouraging defense manufacturers to accelerate production and to bring non‑traditional suppliers, such as automotive firms, into the defense supply chain.
Executive Involvement
- GM Chief Executive Officer Mary Barra has held talks with officials from the Trump administration to explore expanding GM’s emerging defense business.