General Motors CompanyGM Defense has secured a multiyear contract for the U.S. Army's Infantry Squad Vehicle, targeting $700M revenue in 2026.
General Motors and Ford Motor Company are reviving their defense businesses, a move that could add billions in revenue and profit. GM Defense, reestablished in 2017, has secured a multiyear contract to build the U.S. Army's Infantry Squad Vehicle and is targeting about $700 million in revenue for 2026 with double-digit EBIT margins and a compound annual growth rate of more than 30 percent over the next several years. Ford is in negotiations with defense departments in Europe and North America to supply trucks and software, though no contract has been signed yet. GM Defense also signed a memorandum of understanding with Lockheed Martin to explore supply chain and manufacturing improvements. While the defense segment may represent only 2 to 3 percent of each automaker's EBIT profits by the end of the decade, the diversification could boost margins and fill excess production capacity.
General Motors CompanyGM Defense has secured a multiyear contract for the U.S. Army's Infantry Squad Vehicle, targeting $700M revenue in 2026.
Ford Motor CompanyFord is in negotiations to supply trucks and software to defense departments, a potential new revenue stream.
Stellantis NV
Lockheed Martin CorporationGM Defense signed an MOU with Lockheed Martin to explore supply chain and manufacturing improvements, potentially benefiting Lockheed.
NVIDIA Corporation