General Motors Company (GM) is holding discussions with Lockheed Martin to supply components for the defense company's weapons, the Wall Street Journal reported, citing people familiar with the matter.
Under the proposed arrangement, GM would produce commonly used parts for various munitions programs, helping Lockheed Martin increase production capacity, the report said. The companies are currently evaluating which components GM may be able to manufacture.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.