From Business Insider · Ben Shimkus · · 1m 20s
GM starts making Patriot missile parts
General Motors has delivered housing components for advanced Patriot interceptors, marking its expansion into munitions production as US stockpiles strain under global demand.
In brief
General Motors has delivered housing components for advanced Patriot interceptors, marking its expansion into munitions production as US stockpiles strain under global demand. General Motors delivered Patriot missile components to Lockheed Martin in twenty-two days, expanding its defense business as US munitions…
GM enters missile manufacturing
General Motors Defense delivered housing components for PAC-3 Missile Segment Enhancement interceptors used in Patriot air-defense systems.
Contract signed, parts delivered fast
Lockheed Martin and GM Defense signed a formal contract on August sixth. The first batch of components arrived twenty-two days later.
“extraordinary 22‑day turnaround”
Demand surges from global conflicts
Demand for advanced Patriot interceptors has surged as wars in Ukraine and against Iran strain US and allied munitions inventories.
Pentagon confirms production bottlenecks
A Department of Defense Inspector General report found that munitions spending has created strategic inventory shortfalls and revealed industrial base bottlenecks.
GM targets defense growth
GM CEO Mary Barra called defense a growth business and said the company is targeting nearly seven hundred million dollars in defense revenue this year.
“growth business”
Lockheed and GM plan wider partnership
Lockheed Martin is investing between eight billion and nine billion dollars to scale weapons production. The companies plan to expand their partnership to other munitions programs.
The takeaway
General Motors delivered Patriot missile components to Lockheed Martin in twenty-two days, expanding its defense business as US munitions stockpiles face pressure from wars in Ukraine and the Middle East.
