'Lockheed Martin Says President Of GM Defense Says Over Coming Weeks, Co & GM Defense To Be Working To Identify Initial Projects To Pursue Together; Co, GM Defense Collaborate To Strengthen America's Manufacturing & Defense Industrial Base, Facilitated By U.S. Department Of War' - Reuters

Lockheed Martin (NYSE:LMT) and GM Defense today announced a new collaboration to strengthen America's manufacturing and defense industrial base, facilitated by the U.S. Department of War.

Working under a memorandum of understanding (MOU), Lockheed Martin and GM Defense will explore opportunities to accelerate the delivery of critical capabilities and innovation by combining Lockheed Martin's defense production expertise with General Motors' advanced industrial capabilities in high-rate commercial manufacturing and engineering.

The collaboration will focus on three areas: strengthening defense supply chains, advancing manufacturing and design capabilities, and evaluating opportunities to expand production capacity through commercial manufacturing expertise and infrastructure. Initial efforts will include exploring ways to accelerate production readiness and apply proven commercial manufacturing approaches to support defense production requirements.