GM, Ford Race for Spot in Military Industrial Boom

GM, Ford race for spot in military industrial boom

Detroit is making moves toward reclaiming its once-prolific role supporting the U.S. military as President Donald Trump calls for more weapons and more factories to build them.

Expands Into Defense, Grid Services And Factory Automation

GM (NYSE:GM) is expanding defense-related collaborations, including discussions to supply munition components to Lockheed Martin. The company is exploring a potential joint venture with Hanwha Defence focused on military vehicle production in Canada. GM has launched a vehicle-to-grid program…

GM, Ford pursue defense contracts as military demand fuels manufacturing growth

On the Dash: GM and Ford are leveraging manufacturing expertise to pursue a growing share of U.S. defense contracts. Defense-related business offers automakers a less cyclical revenue stream outside traditional vehicle sales. Increased defense production could drive future investments in manufacturing, supply chains and advanced vehicle technologies. General Motors and Ford are actively expanding their defense operations to capitalize on the gr…