June 15 (Reuters) – General Motors is in talks with Lockheed Martin about making parts for the defense contractor’s weapons, the Wall Street Journal reported on Monday, citing sources. • Automobile maker GM would manufacture commonly used parts that could help Lockheed bolster munitions production, the report said, adding that the companies are discussing which […]
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GM in talks to supply weapons parts to Lockheed Martin, WSJ reports
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June 15 (Reuters) – General Motors is in talks with Lockheed Martin about making parts for the defense contractor’s weapons, the Wall Street Journal reported on Monday, citing sources.
• Automobile maker GM would manufacture commonly used parts that could help Lockheed bolster munitions production, the report said, adding that the companies are discussing which components GM could potentially make.
• An agreement hasn’t been finalized, and the contours of the arrangement could change, the report said.
• GM and Lockheed were not immediately available for comment outside business hours when contacted by Reuters. Reuters could not verify the report.
• The potential tie-up comes as the U.S.-Iran war and supplies sent to Ukraine in recent years have depleted U.S. weapons stockpiles.
• The Trump administration planned to meet executives from the biggest U.S. defense contractors at the White House to discuss accelerating production, Reuters reported last week.
(Reporting by Mrinmay Dey in Mexico City; Editing by Subhranshu Sahu)