logo
Plus   Neg
Share
Email

GM Defense Begins Facility Renovation To Support Infantry Squad Vehicle Production

GM Defense LLC, a subsidiary of automaker General Motors Co. (GM), said Thursday it has started renovations of an existing GM building to support the production of the Infantry Squad Vehicle or ISV.

The ISV is a light and agile all-terrain troop carrier intended to transport a nine-Soldier infantry squad. The ISV is based off the 2020 Chevrolet Colorado ZR2 midsize truck architecture.

The ISV program is the first major award for GM Defense since the subsidiary was re-established by its parent company in 2017.

The existing GM facility, located in Concord, North Carolina, will produce ISVs for the U.S. Army as part of a $214.3 million contract awarded to GM Defense in June 2020. GM Defense delivered its first ISVs to the U.S. Army in October this year, just 120 days from contract award.

GM Defense expects construction at the 75,000-square-foot facility to continue into early spring. The production line will begin delivering vehicles in April.

As GM Defense ramps to full-rate production, the facility will help to manufacture 649 ISVs and will support the production of up to 2,065 vehicles with additional authorization over eight years.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The United Kingdom's Competition and Markets Authority (CMA) has launched an investigation into technology giant Apple Inc. (AAPL) following complaints that its terms and conditions for app developers are unfair and anti-competitive. iPhone maker Apple also operates the App Store, which is the only... Supermarket chain Kroger Co. on Thursday reported that it posted a loss for the fourth quarter compared to a profit last year, hurt by pension plan withdrawal liabilities. Adjusted earnings per share topped analysts' estimates, while quarterly revenues missed it. However, the company initiated adjusted earning guidance for the full-year 2021, well above analysts' estimates. Retail sales are projected to grow at a potentially record rate during 2021, but the ongoing COVID-19 pandemic remains the biggest challenge for the year, according to the National Retail Federation. "There is no doubt the economy is positioned for growth in 2021, but how much growth comes down to a single non-economic force - the coronavirus," NRF Chief Economist Jack Kleinhenz said.
Follow RTT