Lockheed Martin, General Dynamics report strategic teaming agreement

Lockheed Martin (LMT) and General Dynamics (GD) announced this week the signing of a strategic teaming agreement for the production of solid rocket motors that will bring security and resiliency to a vital domestic supply chain. “Maintaining a robust and diverse supply chain for solid rocket motors is critical to advancing our 21st Century Security vision for a stronger, more resilient defense industrial base that keeps our customers around the globe ahead of emerging threats. This agreement enables Lockheed Martin and General Dynamics to ramp production of in-demand solutions more quickly going forward,” said Tim Cahill, president of Lockheed Martin Missiles and Fire Control. Initial work will focus on the production of solid rocket motors for the Guided Multiple Launch Rocket System and will be performed at the General Dynamics facility in Camden, Arkansas starting in 2025. This project will be followed by a phased planning approach to transition to other products.