Business & Finance
General Motors supplies Patriot missile parts to Lockheed Martin, report says
Lockheed Martin tapped General Motors to produce missile-housing components for Patriot interceptors, according to Jalopnik.
The short version
- General Motors supplied missile-housing parts to Lockheed Martin for Patriot PAC-3 MSE interceptors, reportedly fulfilling the order in three weeks.[Jalopnik]
- The partnership comes as the Pentagon pushes to replenish heavily depleted U.S. munitions stockpiles and more than triple annual Patriot production by 2030.[Jalopnik]
- The total size of the initial parts order and the scope of future collaboration between the two companies remain undisclosed.[Jalopnik]
Key facts
- General Motors was enlisted in August to build missile-housing components for Lockheed Martin's Patriot PAC-3 MSE interceptors.[Jalopnik]
- GM delivered the missile components within three weeks, compared to the months the process typically requires.[Jalopnik]
- In January, the Pentagon directed Lockheed Martin to expand Patriot production to more than 2,000 interceptors annually by the end of 2030.[Jalopnik]
- GM CEO Mary Barra previously projected $700 million in defense revenue with double-digit margins for the current year.[Jalopnik]
- The Pentagon has also engaged with Ford and other suppliers to collaborate with defense contractors.[Jalopnik]
What remains uncertain
- The volume of components supplied by GM and whether the companies will engage in future defense contracts remain unannounced.[Jalopnik]
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.