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FFIE
GM
GOEV
27 Jul 24
to accelerating the transition to sustainable vehicles and the development of a robust domestic supply chain ensures the United States, and Lucid
What's Going On With General Motors Stock Today?
GM
23 Jul 24
prioritize air transportability, maintenance accessibility via GM’s global supply chain, and robust safety features, meeting stringent CAF
GM Defense Canada Receives Contract Award from Canadian Armed Forces for Modern Light Tactical Vehicles
GM
23 Jul 24
GM Defense Canada Anticipates Delivery of First Vehicles Five Weeks After Contract Award
OSHAWA, ON, July 23, 2024 /PRNewswire/ -- GM Defense Canada, a subsidiary of GM Defense, has been awarded a C$35.8 million contract by the Canadian Armed Forces (CAF) for 90 light tactical vehicles (LTVs), with an option to procure up to an additional 18 LTVs. GM Defense Canada will also deliver training, technical manuals and additional vehicle content sourced from Canadian companies.
As part of the contract, GM Defense Canada is providing both nine-passenger LTVs and a new utility variant of the LTVs that leverage the design of a proven solution currently fielded with the U.S. Army. GM Defense Canada's LTVs will support the NATO Enhanced Forward Presence Multinational Battlegroup in Latvia. The vehicles will enable Soldiers to move with increased speed, range and safety across complex terrain.
"We are providing this critical capability to the Canadian Armed Forces within a timeline that meets their urgent operational requirement," said Steve duMont, president of GM Defense. "We see this contract award as the beginning of a long strategic partnership with the Canadian Armed Forces to provide enhanced tactical mobility for Soldiers today, and into the future. As we further expand into Canada and with other allied nations around the world, we will continue to leverage the vast resources of General Motors to ensure our global defense and government customers have the best capability to accomplish their mission."
"General Motors' support of the Canadian Armed Forces with this contract is a prime example of the meaningful contributions GM makes in Canada," said Kristian Aquilina, president and managing director of GM Canada. "Whether it's the supply of light tactical vehicles through GM Defense Canada, or the contributions of our Canadian Technical Centre in supporting the development of those vehicles, we are pleased GM can also make an impact in the defense space."
GM Defense Canada's light tactical vehicle solutions are based on the mid-size architecture of the Chevrolet Colorado ZR2, featuring a high percentage of Commercial-Off-The-Shelf (COTS) parts, including Chevrolet Performance components for enhanced off-road capability. Weighing less than 5000 pounds / 2232 kilograms, the light and agile tactical vehicles offer air transportability, in addition to ease of maintenance and sustainment with parts that may be accessed through GM's global supply chain. Reliable and easy to operate, the light tactical vehicles also include active and passive safety features, meeting CAF requirements for performance and safety.
For more information, please visit www.gmdefensellc.com or follow us on LinkedIn.
About GM Defense LLCGM Defense delivers integrated vehicles, power and propulsion, and autonomy and connectivity solutions to global defense, security and government markets. The exceptional reliability of GM Defense's technologies results from decades of proven performance and billions of dollars spent in independent research and development by its parent, General Motors, a world leader in global design, engineering and manufacturing capabilities. For more information, please visit www.gmdefensellc.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/gm-defense-canada-receives-contract-award-from-canadian-armed-forces-for-modern-light-tactical-vehicles-302204103.html
SOURCE GM Defense LLC
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FFIE
GM
GOEV
13 Jul 24
vehicles and their supply chain components. This is part of the Biden administration’s Investing in America agenda.
General
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announced over $12 billion in investments for its North American EV manufacturing and supply chain development.
GM stock has gained more than 19
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GM
SPY
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eight states—Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland, and Virginia—to manufacture electric vehicles and their supply chain
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GM
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competitively priced. This is also likely to encourage continued development of a North American supply chain, in our view. NVX believes China's measures
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TSLA
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of raw nickel ore to promote domestic value addition in refining.
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AAPL
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CLH
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,” Maurits Pot, founder and CEO at Tema ETF Management, told Benzinga in an exclusive interview.
Pot noted supply chain
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AMLI
ATLX
F
24 May 24
supply chain in China have risen, contributing further to the slide in lithium prices.
Lithium carbonate prices fell from a record high above
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BYDDY
GM
NIO
23 May 24
forward.”
GM’s Supply Chain: Many GM suppliers were in the audience at MotorCity Casino’s Sound Board
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GM
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parts that may be obtained through GM's existing global supply chain.Customization with Modular Kits
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GM
16 May 24
] supply chain, it’s their pricing strategy. We just want a level playing field to be able to price and make a profit and deliver value to our
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GM
SPY
3 May 24
) that are lowering costs for consumers, spurring a boom in U.S. manufacturing, and strengthening energy security by building resilient supply chains
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