GM Expands Defense Reach Beyond Vehicles

Research evidence excerpt

GM Expands Defense Reach Beyond Vehicles

Update

June 17, 2026 12:54 PM GMT

Morgan Stanley & Co. LLCMGeneral Motors Company | North America Andrew S Percoco

Equity Analyst

GM Expands Defense Reach Andrew.Percoco@morganstanley.comKristine T Liwag +1 212 296-4322

Kristine.Liwag@morganstanley.com +1 212 761-2980

Beyond Vehicles Daniela M Haigian

Daniela.Haigian@morganstanley.com +1 212 761-6071

What Happened?: GM Defense and Lockheed Martin (covered by Kristine Liwag)

Justin M Lang

announced a new collaboration, facilitated by the U.S. Department of War, aimed at Equity Analyst

strengthening U.S. defense manufacturing capacity and the broader defense Justin.Lang@morganstanley.com +1 212 761-6251

Jahvonte G Bain

industrial base. The companies signed a memorandum of understanding (MOU) to Research Associate

explore ways to combine Lockheed’s defense production expertise with GM’s Jahvonte.Bain@morganstanley.com +1 212 761-9231

Katherine A Bennorth

commercial manufacturing and engineering capabilities. The initial focus will be on Research Associate

strengthening defense supply chains, advancing manufacturing and design Katie.A.Bennorth@morganstanley.com +1 212 761-3753

capabilities, and evaluating opportunities to expand production capacity, with the

General Motors Company (GM.N, GM UN)

companies expected to identify initial projects in the coming weeks.

Autos & Shared Mobility | United States of America

Our Take: This announcement provides a clear, tangible example of what GM has Stock Rating Overweight

Industry View In-Line

been signaling in recent discussions around the growing defense opportunity. The Price target $100.00

company’s expertise in precision manufacturing at scale and supply chain Shr price, close (Jun 16, 2026) $82.51

Mkt cap, curr (mm) $76,404