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Lockheed, GM Defense to Collaborate to Boost US Defense, Manufacturing Industrial Base

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Lockheed Martin (LMT) and General Motors (GM) Defense said Tuesday they reached a memorandum of understanding under which the companies will look to enhance the US' defense industrial base, facilitated by the US Department of Defense.

Working under a memorandum of understanding, Lockheed and GM Defense will focus on strengthening defense supply chains, advancing design and manufacturing capabilities and exploring opportunities to expand production capacity, the companies said.

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