5 Stocks From Companies Generating High Cash Flow

1. General Motors Company (NYSE:GM)

Free Cash Flow Yield: 19.84%

Free Cash Flow (TTM): $22.4 Billion

On June 15, The Wall Street Journal reported that General Motors Company (NYSE:GM) is in discussions with Lockheed Martin about producing parts for the defense contractor’s weapons systems, according to people familiar with the matter.

Under the proposed arrangement, GM would manufacture commonly used components that could help Lockheed Martin increase munitions production. The companies are still discussing which parts GM could potentially supply.

Demand for missiles and other critical weapons has increased as stockpiles have been depleted by the wars in Ukraine and Iran. To rebuild supplies, officials from the Trump administration and the Pentagon have urged defense contractors to speed up production while also seeking support from other manufacturers, including GM.

Executives from GM and Lockheed Martin appeared together at a conference in Detroit to announce a broad agreement to work together on expanding munitions production. They said it was too early to discuss specific details or GM’s potential role as a supplier. For GM, the discussions are part of a broader effort to expand its defense business and develop new sources of revenue.

General Motors Company (NYSE:GM) designs, builds, and sells trucks, crossovers, cars, and automotive parts. The company also provides software-enabled services and subscription offerings worldwide.

READ NEXT: Top 10 Income Stocks with the Highest Upside Potential and 12 Stocks with Highest Dividend to Invest In Now

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.