00:00It's Benzinga, bringing Wall Street to Main Street.
00:02General Motors is in talks with Lockheed Martin to manufacture parts for the defense contractor's
00:07weapons systems, according to the Wall Street Journal. GM would produce commonly used components
00:12to help Lockheed boost munitions production, though the companies are still discussing which
00:17parts GM could make. No deal has been finalized. Weapons stockpiles have dropped due to wars in
00:23Ukraine and Iran, prompting the Trump administration and Pentagon officials to press defense makers to
00:28speed up production and enlist other manufacturers. GM CEO Mary Barra has met with Trump officials to
00:36discuss a larger military role for the automaker. GM formally re-entered defense nearly a decade ago
00:42with its GM defense subsidiary, and the talks aim to expand that unit's role.
00:46For all things money, visit Benzinga.com.
Comments