General Motors Company GM is supplying components for Lockheed Martin Corporation’s LMT Patriot missile defense system under a recently signed agreement between the two companies.
Lockheed Martin confirmed on Sept. 17, 2026, that it had received its first shipment of mission-critical components manufactured by GM Defense for the PAC-3 Missile Segment Enhancement interceptor missile.
Per the Detroit Free Press, Lockheed Martin and GM Defense, General Motors’ defense subsidiary that also manufactures vehicles for the U.S. Army, are discussing additional collaboration as the United States seeks to expand its weapons stockpiles.
Per General Motors spokesman Jim Cain, the company would not disclose the contract’s value or production volumes because the information is proprietary. General Motors also declined to identify the manufacturing location, citing potential operational and security concerns.
GM Defense leveraged its advanced casting and machining capabilities to manufacture the components in accordance with stringent defense requirements. The first shipment arrived at Lockheed Martin on Aug. 28, 2026, less than a month after the companies formally signed the agreement on Aug. 6, 2026.
Per General Motors’ CEO Mary Barra, the defense business is a significant growth opportunity for the automaker. General Motors expects the unit to generate approximately $700 million in revenues in 2026 while developing a backlog of future programs that could deliver double-digit profit margins over the coming years. General Motors is also collaborating with Lockheed Martin and other major industry players to improve the speed, scale and resilience of the U.S. defense industrial base.
Additionally, General Motors is positioned to secure a potential $1 billion contract to manufacture 10,000 Infantry Squad Vehicles for the U.S. military, based on the Chevrolet Colorado platform.
General Motors’ Zacks Rank & Key Picks
GM currently has a Zacks Rank #3 (Hold).
Some better-ranked stocks in the auto space are Garrett Motion Inc. GTX and China Yuchai International Limited CYD. While GTX sports a Zacks Rank #1 (Strong Buy), CYD has a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for GTX’s 2026 sales and earnings implies year-over-year growth of 7.2% and 25.7%, respectively. The EPS estimate for 2026 and 2027 has improved 10 cents each over the past 60 days.
The Zacks Consensus Estimate for CYD’s 2026 sales and earnings implies year-over-year growth of 58.6% and 68.6%, respectively. The EPS estimate for 2026 and 2027 has improved 36 cents and declined 7 cents, respectively, over the past 60 days.
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General Motors Company (GM): Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).