Nuts & Bolts: Defense Production Act in Focus

Research evidence excerpt

Nuts & Bolts: Defense Production Act in Focus

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Nuts & Bolts

Defense Production Act in Focus

Industry Overview

Trump Invokes Defense Production Act 22 June 2026

Bloomberg (BBG) reported that Trump invoked the Defense Production Act (DPA) to High Grade Credit

bolster weapons delivery. BBG stated that Trump cited “systemic constraints in the United States

munitions industrial base” in an order for Defense Secretary Hegseth to make “voluntary Aerospace/Defense, Autos, Capital

agreements and plans of action.” BBG noted that while this didn’t detail how those Goods, Transportation

agreements would go beyond the administration’s engagement with defense contractors Douglas Karson

like Lockheed Martin (LMT)/RTX (RTX), the Pentagon’s industrial base policy chief said Research Analyst

the DPA allowed for consultations with private business without violating antitrust law. BofAS+1 646 855 7405

GM in Talks to Supply Weapons Parts to Lockheed Martin doug.karson@bofa.comSomaia Barakah

The Wall Street Journal (WSJ) reported that General Motors (GM) is in talks with Research Analyst

Lockheed Martin (LMT) about making parts for LMT's weapons. WSJ stated that under BofASsomaia.barakah@bofa.com

the arrangement, GM would manufacture commonly used parts that could help LMT Shane Steinlauf

bolster munitions production. We would like to note that this is just a memorandum of Research Analyst

understanding (MOU), and there is no contract and no economics to share at this point. BofASshane.steinlauf@bofa.com

VMI Introduces New Long-Term Financial Targets

Valmont (VMI) hosted its 2026 investor day. In conjunction with this event, VMI

introduced new long-term financial targets. 2029 financial outlook: Net sales (organic) of