Established in 1941, the facility operates under the Government Owned Contractor Operated (GOCO) model. While owned by the US government, it is managed by General Dynamics Land Systems (GDLS), the manufacturer of the M1 Abrams main battle tank.
The additional funding addresses the increasing orders for M1 Abrams tanks and other GDLS vehicles, both from the US government and allied nations.
The plant also produces the Stryker family of armored vehicles, the new M10 Booker light tanks (fire support vehicles), and various MRAP (Mine Resistant Ambush Protected) vehicles. Future production might include the M30 infantry fighting vehicle.
Currently, the Lima facility is financially secured to operate through 2024-2025. However, the US Congress plans to invest an additional USD 2 billion in the factory, following a previous allocation of around USD 1 billion.
These funds will enhance both the production capabilities and infrastructure of the plant.
This investment is part of a broader, 14-year plan to modernize and develop the armored industry’s production base in Lima.