The President Donald Trump administration is reportedly in talks with General Motors Co. (NYSE:GM), Ford Motor Co. (NYSE:F) and other manufacturers to produce weapons and other military supplies amid wars in Iran and Ukraine.
A World War II Callback?
The Pentagon has approached GM CEO Mary Barra, as well as Ford CEO Jim Farley, among other top executives, about producing military supplies and weapons, according to a report by the Wall Street Journal on Wednesday, citing anonymous sources familiar with the talks.
The preliminary talks were also held with GE Aerospace and Oshkosh Corp (NYSE:OSK), the report said, with the discussions beginning before the war with Iran. Defense officials have touted shoring up domestic production of weapons and munitions as a matter of national security, the report said, while also asking manufacturers to identify barriers to …
This post was originally published here
