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Dive Brief:
General Motors’ defense subsidiary and weapons maker Lockheed Martin have signed a memorandum of understanding to build up domestic manufacturing and the defense industrial base, according to a joint press release on Tuesday.
Under the agreement, the two companies will combine Lockheed’s defense production expertise with GM Defense’s advanced industrial capabilities in higher production rates in commercial manufacturing and engineering.
The two companies did not disclose their plans, but GM Defense President Steve duMont said they will identify initial projects to pursue over the coming weeks.
