GM Gets $36.4 Million U.S. Government Contract for Heavy-Duty Surburbans
September 15 2021 - 3:09PM
Dow Jones News
By Michael Dabaie
General Motors said Wednesday its GM Defense LLC subsidiary
received a contract from the U.S. State Department to develop next
generation large support utility commercial vehicles.
The contract is for future fleet production for the department's
Diplomatic Security Service. As part of the $36.4 million total
development contract, GM Defense would create a Heavy-Duty
Suburban, building 10 vehicles over the next two years.
GM Defense would deliver the vehicles in two phases, with the
first delivery set for next spring. A production contract to build
a fleet of 200 HD Suburbans a year for nine years is expected to
succeed the completion of the development contract in or about May
2023, the company said.
GM shares are up 2%, to $51.84.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
September 15, 2021 14:54 ET (18:54 GMT)
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