Page 12 - Jeff Ryder News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Posted on 1976 General Motors (NYSE: GM) has begun focusing its expansion toward its military defense unit, which slowly relaunched three years ago and recently started working its first major military contract. According to GM Defense vice president of growth and strategy, Jeff Ryder, the multinational corporation foresees a USD25 Billion market in building new military products based on existing vehicles, parts and technologies. “That’s an addressable market where we feel we have a right to win and pursue. And that’s what w...

Sponsored Links GM Defense recently began producing its new Infantry Squad Vehicle as part of its first major contract since General Motors reestablished the military vehicle and technology division three years ago. The company will deliver 649 examples of the new ISV to the U.S. military at a cost of $214.3 million USD and has the capacity to produce up to 2,065 vehicles over an eight-year period should the Army need more of the Chevy Colorado ZR2-based troop transport vehicles. The GM ISV is only the beginning for GM Defense, though. Jeff Ryder, GM Defense’s vice president of growth and s...

"That's an addressable market that we feel we have a right to win and pursue. And that's what we're doing," he told CNBC. "As we mature, as we grow, as we build out our operating model, as we have more wins, we will have the opportunity, I think, to continue to vector into other directions or adjacent markets. So that number is not going to get smaller." The company once built tanks for the military during WWII, but it has no plans to stretch that far from its core manufacturing, he said.  Ryder, an aerospace and defense industry veteran, said the military needs electric powertrains and vehi...