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GM Defense Bags $36.4M Contract To Build Heavy-Duty Suburbans For US Government Agencies

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  • General Motors Co’s (NYSE: GM) subsidiary GM Defense LLC has secured a contract from the U.S. Department of State to develop next-generation Large Support Utility Commercial Vehicles (SUV).

  • The total development contract is valued at $36.4 million. GM Defense will create a purpose-built Heavy-Duty (HD) Suburban, building 10 vehicles over the next two years.

  • GM Defense plans to deliver the vehicles in two phases, with the first delivery scheduled for next spring.

  • The HD Suburban will feature a new body-on-frame chassis and suspension to support increased government vehicle performance requirements with a higher payload capacity and greater ground vehicle weight.

  • GM expects a production contract to build a fleet of 200 HD Suburbans per year for nine years to help complete the contract in or about May 2023.

  • Price Action: GM shares are trading higher by 2.13% at $51.82 on the last check Wednesday.

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