From Malay Mail · · 1m
GM Ships First Missile Parts as Lockheed Boosts War Production
Lockheed ramps up PAC-3 missile production with GM parts amid Iran conflict.
In brief
Lockheed ramps up PAC-3 missile production with GM parts amid Iran conflict. Lockheed plans to triple PAC-3 production by end of next year to address depleted US military stocks. Originally reported by Malay Mail.
First Missile Parts Delivered
General Motors delivered its first components for Lockheed Martin's PAC-3 interceptor missiles.
“This extraordinary 22-day turnaround underscores Lockheed Martin's relentless focus on execution, delivering for our troops faster, with greater capacity.”
Wartime Urgency Production
Lockheed plans to triple PAC-3 production to 2,000 units by end of next year.
“When it also comes to PAC-3, there is significant international demand.”
Iran Conflict Impact
The Iran war has cost US military about $38 billion in depleted stocks.
“The CBO report said the Iran conflict as a whole had cost US military around US$38 billion.”
GM's Defense Focus
GM targets defense as a revenue growth area with precision castings for missiles.
“We are focusing our efforts on strengthening supply chain management.”
Pentagon Shortages
US military faces eroded supplies of key systems due to Iran conflict.
“The munitions expenditure on Operation Epic Fury has resulted in strategic inventory shortfalls.”
International Demand
Lockheed reports strong international demand for PAC-3 missiles.
“Right now the US government is parsing out as they always do for foreign military sales.”
Historic Delivery
This is GM's first missile delivery in modern times after WWII collaboration.
“GM worked with the Pentagon in World War II, but the deliveries are the first for missiles in modern times.”
The big picture
Lockheed plans to triple PAC-3 production by end of next year to address depleted US military stocks.
