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Move Over Tesla: Lockheed Martin's Autonomous Driving Product Could Soon Guide Military Convoys


Move Over Tesla: Lockheed Martin's Autonomous Driving Product Could Soon Guide Military Convoys

While tech companies and automakers race to put autonomous vehicles on U.S. highways, Lockheed Martin (NYSE: LMT) is making steady progress in its own effort to bring driverless trucks to the battlefield.

Lockheed said on Nov. 29 that its Autonomous Mobility Applique System (AMAS) has logged more than 55,000 miles in tests at two U.S. Army bases. AMAS is a suite of sensors, actuators, and controls designed to be installed on nearly any wheeled military vehicle, providing driver warning systems and autonomous driving functions designed to reduce the manpower needed to run convoys and reduce the risk of injuries and casualties from improvised explosive devices.

U.S. Army trucks equipped with Lockheed Martin's AMAS technology in an autonomous driving test at Fort Hood, Texas. Image source: Lockheed Martin.

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Source: Fool.com

Lockheed Martin Corp. Stock

€430.65
0.200%
The Lockheed Martin Corp. stock is trending slightly upwards today, with an increase of €0.85 (0.200%) compared to yesterday's price.
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 476 € there is a slightly positive potential of 10.53% for Lockheed Martin Corp. compared to the current price of 430.65 €.
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