logo
  

GM Defense Forms New International Entity

GM Defense LLC, the military product unit of General Motors Co. (GM), announced the formation of a new entity, GM Defense International, aiming to expand its offerings worldwide.

The new entity will extend GM Defense's reach into global markets in support of U.S. allies and partners' transition to a more electric, autonomous and connected future.

GM Defense will continue to operate as a GM unit, reporting into GM President Mark Reuss.

GM Defense develops highly agile, customized solutions to enhance warfighter capability with proven commercial technologies. The unit will also leverage GM's $35 billion investment in transformational technologies to support its global defense and government customers' use of electrification, autonomy and connected vehicles across the battlespace.

The company noted that the creation of GM Defense International enables it to expand its global presence across international defense and government markets.

Steve duMont, president of GM Defense, said, "As a non-traditional entrant to the defense market, we continue to receive positive feedback on our ability to bring commercial technologies forward at the speed that our customers require in these complex times. As we continue to explore opportunities across North America, Europe, the Middle East, the Indo Pacific region and beyond, we look forward to leveraging commercial technology to modernize the mobility capabilities of allied armed forces around the world."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Walt Disney's streaming service Disney+ is rolling out its much-anticipated new ad-supported subscription plan for Disney+ in the U.S. as part of its bid to stem the loss and make its streaming business profitable after the services posted a hefty operating loss of more than $1 billion in the third quarter. It is also raising pricing for its bundled subscription plans with Hulu, ESPN+ and live TV. The U.S. Food and Drug Administration announced the intended availability of base powder to make around 6 million bottles of specialty formula from Mexico as part of its efforts to meet the nationwide supply shortage caused by Abbott Nutrition recall. Reckitt Nutrition/Mead Johnson Nutrition will send an initial shipment of 331 thousand pounds of base powder for PurAmino Hypoallergenic Formula. Shares of Deutsche Telekom AG were gaining more than 1 percent in the morning trading in Germany after the telecom major on Thursday raised its fiscal 2022 earnings outlook again, despite reporting lower profit in its second quarter. Adjusted EBITDA AL, a key earnings metric, increased, while adjusted EBITDA AL margin dropped.
Follow RTT