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Latest Federal & Government Contracting Companies' News Coverage

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Latest Federal & Government Contracting Companies' News Coverage

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Jeff Ryder, vice president of growth and strategy at General Motors' defense unit, said GM Defense sees a $25B market in developing new military products based on the parent company's existing vehicles, technologies and parts, CNBC reported Monday. “That's an addressable market that we feel we have a right to win and pursue. And that's what we're doing,“ he said.

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Timothy Herrick, vice president of global product programs at General Motors, has been appointed to serve as president of GM Defense on an interim basis. He will lead the military vehicle manufacturing business until the company finds a permanent replacement for David Albritton, who exited GM Defense to join Amazon Web Services as VP of global communications for public sector and vertical industries.

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General Electric's power conversion business has secured a $40M sole-source contract to provide propulsion systems for national security training ships to be used by the Department of Transportation. The company said Monday it will provide systems that would power and propel a pair of National Security Multi-Mission Vessels, which will be used to train cadets on operational vessels at sea.

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