Lockheed Martin (NYSE: LMT) and General Dynamics (NYSE: GD) announced 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. Initial work will focus on the production of solid rocket motors for the Guided Multiple Launch Rocket System (GMLRS) 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. GD-OTS will expand its operations in Camden leveraging advanced manufacturing to deliver affordable and reliable solid rocket motors at production scale. This follows the recent creation of Lockheed Martin’s Solid Rocket Motor Product Center designed to increase the surety of supply for cost effective propulsion systems.
“We are proud to apply our expertise in missile subsystems to deliver new capabilities that will add resiliency to the domestic supply chain. The collaboration between GD-OTS and Lockheed Martin underscores our shared commitment to strengthening the defense industrial base and providing critical capability to the warfighter,” said Firat Gezen, president of General Dynamics Ordnance and Tactical Systems (GD-OTS).
“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.
The Lockheed Martin Corporation is an American aerospace and defense manufacturer with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C. area. Lockheed Martin employs approximately 115,000 employees worldwide, including about 60,000 engineers and scientists. Lockheed Martin is one of the largest companies in the aerospace, military support, security, and technologies industry. It was the world’s largest defense contractor by revenue.
General Dynamics Corporation (GD) is an American publicly traded aerospace and defense corporation headquartered in Reston, Virginia. It was the fifth-largest defense contractor in the world by arms sales, and fifth largest in the United States by total sales. The company is a Fortune 100 company, and was ranked No. 94 in 2022. The company’s products include Gulfstream business jets, Virginia and Columbia class nuclear-powered submarines, Arleigh Burke class guided-missile destroyers, M1 Abrams tanks and Stryker armored fighting vehicles.
