General Motors Partners With Lockheed Martin Under Pentagon Initiative to Scale Domestic Military Manufacturing

Key Stats for General Motors Stock

• 1-Year price change for General Motors stock: 71%
• $GM Share Price as of Jun. 16: $83
• 52-Week High: $88
• $GM Stock Price Target: $95

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What Happened?

General Motors (GM) stock is getting attention after the company announced a new partnership with Lockheed Martin, facilitated by the U.S. Department of Defense.

The deal focuses on scaling munitions manufacturing and expanding U.S. defense production capacity. Both companies are working under a memorandum of understanding.

They plan to collaborate across three areas: improving production readiness, strengthening supply chains, and applying advanced manufacturing approaches to speed up delivery.

Lockheed is committing $9 billion through 2030 to modernize 20 of its facilities. GM is separately planning to spend $7 billion on U.S. research and development.

Executives on both sides described the partnership as early-stage, with specific contracts still to be defined.

GM Stock Revenue, EBIT and Free Cash Flow Estimates in Billion USD (TIKR)

The backdrop matters here.

• U.S. defense stockpiles have been drawn down by conflicts in Ukraine and Iran.
• The Trump administration has been actively pushing automakers like GM and Ford to support the domestic defense industrial base.
• GM actually has history here — the company built tanks during World War II and reestablished its GM Defense unit in 2017, serving customers including the U.S. Army, Secret Service, and NASA.

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What the Market Is Telling Us About General Motors Stock

General Motors stock has been performing well this year on the back of strong core results.

• Q1 EBIT margins in North America hit 10.1%, and
• The company raised its full-year earnings guidance.
• Digital services revenue through OnStar grew more than 20% year-over-year and is on track to hit $3.1 billion for the full year.

GM Stock Street Targets (TIKR)

The Lockheed deal adds a new growth angle.

General Motors stock investors now have a company that generates strong cash flow from trucks and crossovers, is building a recurring software revenue stream, and is now expanding into defense manufacturing at a time when government demand is rising.

General Motors stock looks well-positioned across multiple growth drivers heading into the back half of 2026.

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How Much Upside Does General Motors Stock Have From Here?

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Disclaimer:

Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!