GM signs defense industry cooperation memorandum of understanding with Lockheed Martin

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General Motors, an American automaker, announced on the 16th, "Under the arrangement of the U.S. Department of Defense, we have signed a memorandum of understanding (MOU) on cooperation to strengthen the defense industry base with defense contractor Lockheed Martin."

GM stated this in a press release, adding, "We will combine Lockheed Martin's defense production expertise with GM's capabilities in high-speed commercial manufacturing and engineering."

“America’s security depends on our ability to not only develop advanced technologies but also produce them quickly, reliably, and at scale,” said Lockheed Martin Chief Operating Officer Frank St. John in a press release.

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Focus on large-scale ‘high-speed manufacturing’ and expansion of production capacity

(Seoul = Yonhap News) Reporter Seol Won-tae = U.S. automobile company General Motors (GM) announced on the 16th (local time), "Under the arrangement of the U.S. Department of Defense, we have signed a memorandum of understanding (MOU) on cooperation with defense company Lockheed Martin to strengthen the defense industry base."

GM stated this in a press release, adding, "We will combine Lockheed Martin's defense production expertise with GM's capabilities in high-speed commercial manufacturing and engineering."

In the initial phase, GM plans to explore ways to accelerate production readiness and apply proven commercial manufacturing methods to support defense production requirements.

“America’s security depends on our ability to not only develop advanced technologies but also produce them quickly, reliably, and at scale,” said Lockheed Martin Chief Operating Officer Frank St. John in a press release.

“Over the next few weeks, we will work together to identify initial projects that both companies will pursue jointly,” said Steve Dumont, president of GM Defense.

According to Bruce Brown, GM Defense's vice president of strategy, this cooperation was arranged by the U.S. Department of Defense, and cooperation will focus on military supplies, the U.S. economic broadcaster CNCB reported.

Executives from both companies said the collaboration will focus on large-scale “high-speed manufacturing” and expanding production capacity.

COO John said Lockheed Martin plans to invest $9 billion by 2030 to modernize its 20 facilities and supply base.

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