General Dynamics Corporation (GD) Expands Partnership With Daimler Truck Holding AG

​General Dynamics Corporation (NYSE:GD) is one of the Undervalued Aerospace Stocks to Buy Now. On September 19, General Dynamics Corporation (NYSE:GD) announced expanding its partnership with Daimler Truck Holding AG to grow in the military vehicle market.

​The deal focuses on Daimler’s Mercedes-Benz Special Trucks unit. The unit makes Zetros and Unimog off-road trucks, used by NATO and other global militaries. As part of the collaboration, the companies will offer full logistics vehicle solutions with long-term service. The target market includes Europe and North America, among others.

​Franziska Cusumano, CEO of Mercedes-Benz Special Trucks, noted that the defense spending is increasing worldwide and governments are replacing old vehicles with the latest versions and are also signing long-term support agreements. He noted that the company aims to provide armies with tailored trucks and lasting support and believes that General Dynamics Corporation (NYSE:GD) will help expand its reach.

​General Dynamics Corporation (NYSE:GD) is a global aerospace and defense company providing business jets, military ships, combat vehicles, weapons, and technology services.

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Disclosure: None. This article is originally published at Insider Monkey.