Lockheed Martin And General Dynamics Announce Strategic Teaming Agreement For Solid Rocket Motors, Initial Production For GMLRS To Begin In 2025
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Lockheed Martin and General Dynamics have announced a strategic teaming agreement for the production of solid rocket motors, with initial production for Guided Multiple Launch Rocket System (GMLRS) set to begin in 2025.
August 13, 2024 | 4:05 pm
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General Dynamics has entered into a strategic teaming agreement with Lockheed Martin for the production of solid rocket motors, with initial production for GMLRS to begin in 2025.
The partnership with Lockheed Martin is expected to bolster General Dynamics' position in the defense industry, potentially leading to increased revenues and market share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Lockheed Martin has entered into a strategic teaming agreement with General Dynamics for the production of solid rocket motors, with initial production for GMLRS to begin in 2025.
The strategic agreement with General Dynamics is likely to enhance Lockheed Martin's capabilities in the production of solid rocket motors, potentially leading to increased revenues and market share in the defense sector.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100