{"id":63263,"date":"2026-06-16T13:38:15","date_gmt":"2026-06-16T17:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/senate-to-vote-on-iran-war-powers-as-lockheed-and-gm-forge-defense-pact\/63263\/"},"modified":"2026-06-16T13:38:15","modified_gmt":"2026-06-16T17:38:15","slug":"senate-to-vote-on-iran-war-powers-as-lockheed-and-gm-forge-defense-pact","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/senate-to-vote-on-iran-war-powers-as-lockheed-and-gm-forge-defense-pact\/63263\/","title":{"rendered":"Senate to Vote on Iran War Powers as Lockheed and GM Forge Defense Pact"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>)<\/strong> and <strong>GM Defense<\/strong> (<a href=\"\/stock\/GM\">GM<\/a>) signed a major memorandum of understanding to scale <strong>U.S. defense manufacturing<\/strong>, targeting munitions and supply chain resilience.<\/li>\n<li>The <strong>U.S. Senate<\/strong> is scheduled to vote at <strong>3:00 PM<\/strong> today on an <strong>Iran War Powers resolution<\/strong> aimed at restricting executive military authority.<\/li>\n<li><strong>Snap Inc. (<a href=\"\/stock\/SNAP\">SNAP<\/a>)<\/strong> launched its <strong>&quot;Specs&quot; AR glasses<\/strong> for <strong>$2,195<\/strong>, marking a significant pivot toward high-end standalone spatial computing.<\/li>\n<li><strong>Lockheed Martin<\/strong> plans a <strong>$9 billion investment<\/strong> by 2030 to modernize facilities, while <strong>General Motors<\/strong> (<a href=\"\/stock\/GM\">GM<\/a>) commits <strong>$7 billion<\/strong> to U.S. R&amp;D for defense capacity.<\/li>\n<li><strong>Snap&#39;s<\/strong> new hardware is available for pre-order today with a <strong>$200 refundable deposit<\/strong>, featuring a <strong>51-degree field of view<\/strong> and dual <strong>Snapdragon<\/strong> processors.<\/li>\n<\/ul>\n<h2>Senate Convenes for Critical Iran War Powers Vote<\/h2>\n<p>The <strong>U.S. Senate<\/strong> is set to hold a high-stakes vote at approximately <strong>3:00 PM<\/strong> today regarding an <strong>Iran War Powers resolution<\/strong>. This legislative move seeks to mandate the removal of U.S. Armed Forces from hostilities against the <strong>Islamic Republic of Iran<\/strong> unless explicitly authorized by <strong>Congress<\/strong>.<\/p>\n<p>The vote follows months of legislative friction and comes amid heightened tensions in the region. <em>Market analysts are closely watching the outcome, as any shift in military engagement policy could impact defense sector volatility and global energy prices.<\/em><\/p>\n<h2>Lockheed Martin and GM Defense Announce Strategic Alliance<\/h2>\n<p><strong>Lockheed Martin (<a href=\"\/stock\/LMT\">LMT<\/a>)<\/strong> and <strong>GM Defense<\/strong>, a subsidiary of <strong>General Motors (<a href=\"\/stock\/GM\">GM<\/a>)<\/strong>, have entered a collaboration to strengthen the <strong>American defense industrial base<\/strong>. Facilitated by the <strong>U.S. Department of War<\/strong>, the partnership focuses on three pillars: strengthening supply chains, advancing design capabilities, and expanding production capacity.<\/p>\n<p>The companies will spend the coming weeks identifying initial projects, with a primary focus on scaling <strong>munitions production<\/strong> to replenish depleted stockpiles. <strong>Lockheed Martin<\/strong> COO <strong>Frank St. John<\/strong> emphasized that the collaboration aims to apply commercial high-rate manufacturing techniques to mission-critical defense systems.<\/p>\n<h2>Snap Inc. Unveils $2,195 &quot;Specs&quot; AR Glasses<\/h2>\n<p><strong>Snap Inc. (<a href=\"\/stock\/SNAP\">SNAP<\/a>)<\/strong> CEO <strong>Evan Spiegel<\/strong> introduced the company\u2019s latest hardware innovation, the <strong>Specs AR glasses<\/strong>, priced at <strong>$2,195<\/strong>. Unlike previous iterations, these are fully standalone augmented reality glasses that do not require a tethered phone or computing puck.<\/p>\n<p>The device features <strong>liquid-crystal-on-silicon displays<\/strong> capable of simulating a <strong>115-inch screen<\/strong> and offers <strong>four hours of battery life<\/strong>. <em>While the high price tag positions the device for developers and early adopters, Snap views the hardware as a &quot;really big long-term opportunity&quot; to lead the transition to spatial computing.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Lockheed Martin (LMT) and GM Defense (GM) signed a major memorandum of understanding to scale U.S. defense manufacturing, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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