Why General Motors Company (GM) Should Be On Your Radar Moving Forward

NASA has also commissioned a vehicle for travelling on the lunar surface alongside spacecraft and lunar exploration stations. General Motors Company (NYSE: GM ) and Lockheed Martin Corporation (NYSE: LMT ) will build the new vehicles, and the work could bring more benefits than you might expect.

In the 1970s, General Motors Company (NYSE: GM ) developed an electric vehicle used on the moon as part of the Apollo missions. The lunar vehicle covered about 8 km on that model and, incidentally, should have resolved the argument regarding electric transport at low temperatures.

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In the future, the Lunar Terrain Vehicle (LTV) should be much more advanced. First and foremost, it concerns automation. This vehicle will perform cargo transportation and landing site maintenance under remote control from the ground.

Lockheed Martin, which developed space technology and robots in its previous work, will lead the LTV project this time. The role of General Motors will be secondary but still vital. In addition to using previous lunar experience, the automaker will devise a new battery system and electric propulsion system with a much longer range than the Apollo-era lunar car.

 General Motors Company (NYSE: GM ) can benefit from this project in the long run. A number of commercially successful technologies were developed during the previous lunar program. As an example, this is a heat-resisting PBI material used in pumps, bearings, and insulators. A digital technology for remote (no physical rods or ropes) control of the satellite’s systems was applied for the first time with this mission. A similar system is used in modern aircraft, both military and commercial. Apollo was also a pioneer in integrated circuits for critical technologies.

Therefore, LTV technology can be valuable to GM’s commercial electric vehicle business. A concept known as “Checked on the Moon” can also be valuable in marketing.

In premarket trades, General Motors Company (NYSE: GM) shares were up 0.21% at $63.5. GM’s stock lost -0.14% to close Friday’s trading session at $63.37. The stock volume remained 21.07 million shares, which was higher than the average daily volume of 16.76 million shares within the past 50 days. Within the last week, GM shares have risen by 6.02%. In the last year, GM shares have risen by 117.32%. The stock has gained 17.90% over the past three months, while it has gained 42.15 % over the past six months. Further, the company has a current market of $92.06 billion, and its outstanding shares stood at 1.45 billion.


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