STOCK TITAN

GM Defense Receives Full-Rate Production Decision from U.S. Army for Infantry Squad Vehicle Program

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

GM Defense LLC, a subsidiary of General Motors, announced that the U.S. Army has granted a full-rate production decision for its Infantry Squad Vehicle (ISV). Initially awarded a $214.3 million contract in June 2020, GM Defense has already delivered over 300 vehicles to the Army's 82nd and 101st Airborne Divisions. The ISV, based on the Chevrolet Colorado ZR2 architecture, combines commercial parts for enhanced adaptability and efficiency in various mission profiles. The decision marks a significant achievement for GM Defense, strengthening the company's manufacturing credibility and paving the way for future production increases.

Positive
  • Full-rate production decision for ISV enhances GM Defense's credibility.
  • Initial contract of $214.3 million indicates strong financial backing.
  • Over 300 ISVs delivered to U.S. Army, demonstrating effective collaboration.
  • ISV's design allows for flexibility across various mission profiles.
Negative
  • None.

WASHINGTON, April 5, 2023 /PRNewswire/ -- GM Defense LLC, a subsidiary of General Motors, said today that the U.S. Army provided a full-rate production decision for the Infantry Squad Vehicle (ISV). GM Defense won the initial $214.3 million contract to develop the light and agile all-terrain troop carrier to transport a nine-Soldier infantry squad and their equipment in June 2020.

"I'm proud of the GM Defense team for reaching this important milestone in the Infantry Squad Vehicle program and am thankful for the close relationship we maintain with our trusted U.S. Army program office customer," said Steve duMont, GM Defense president. "Achieving the ISV full-rate production decision strengthens our credibility and amplifies the success of our manufacturing processes. By working in close collaboration with our customer, we have delivered more than 300 vehicles to our U.S. Army customer with many already fielded to the Army's 82nd and 101st Airborne Divisions."

The ISV is based on the award-winning Chevrolet Colorado ZR2 midsize truck architecture and leverages 90 percent commercial-off-the-shelf (COTS) parts, including Chevrolet Performance race components. At 5,000 pounds, the expeditionary ISV is light enough to be sling loaded from a UH-60 Blackhawk helicopter and compact enough to fit inside a CH-47 Chinook helicopter for air transportability. The vehicle's high percentage of COTS parts provide global defense and government customers flexibility and optionality to outmaneuver threats and support mission requirements as they evolve.

"Our flexibility during the pursuit of the ISV helped us win the early stages of the contract award and has since played a pivotal role in delivering the best value solution to the U.S. Army," said Rick Kewley, GM Defense vice president of Product Development and Advanced Engineering. "Not only did customer feedback make the ISV better at an accelerated pace, but it also helped us bring to bear the engineering and manufacturing expertise from our parent company, General Motors, to add new capabilities while fulfilling the Army's design and performance requirements. We remain confident in our ability to meet higher production quantities in the future."

GM Defense has demonstrated the adaptability of the ISV by expanding the initial nine- passenger troop carrier into a family of vehicles. The GM Defense-produced ISV variants offer configurable vehicles adapted for a broad range of mission profiles, including fire support, command and control, electronic warfare, counter-unmanned aircraft systems, reconnaissance and logistics, and casualty evacuation.

The ISV was the first major award for GM Defense since the subsidiary was reestablished by its parent company in 2017. For the latest GM Defense news, please visit www.GMDefenseLLC.com and follow GM Defense on LinkedIn and Twitter.  

About GM Defense, LLC
GM 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.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/gm-defense-receives-full-rate-production-decision-from-us-army-for-infantry-squad-vehicle-program-301790908.html

SOURCE GM Defense LLC

FAQ

What is the significance of the full-rate production decision for GM?

The full-rate production decision reinforces GM Defense's credibility and operational success in delivering advanced military vehicles.

How much was the initial contract for the Infantry Squad Vehicle?

The initial contract awarded to GM Defense for the Infantry Squad Vehicle was $214.3 million.

When was the contract for the Infantry Squad Vehicle awarded?

The contract for the Infantry Squad Vehicle was awarded in June 2020.

How many Infantry Squad Vehicles has GM Defense delivered to the U.S. Army?

GM Defense has delivered over 300 Infantry Squad Vehicles to the U.S. Army.

What is the Infantry Squad Vehicle based on?

The Infantry Squad Vehicle is based on the Chevrolet Colorado ZR2 midsize truck architecture.

General Motors Company

NYSE:GM

GM Rankings

GM Latest News

GM Stock Data

62.46B
1.10B
0.22%
90.44%
2.98%
Auto Manufacturers
Motor Vehicles & Passenger Car Bodies
Link
United States of America
DETROIT