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GM in talks to supply weapons parts to Lockheed Martin, WSJ reports (updated)

UPDATE 1-GM in talks to supply weapons parts to Lockheed Martin, WSJ reports

Adds details and background from paragraph 2

- General Motors GM.N is in talks with Lockheed Martin LMT.N 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)

((mrinmay.dey@tr.com; +91 7362903319;))

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