Will Lockheed Martin's Revolutionary Self-Driving Vehicle Change Transportation As We Know It?
On Jan. 30, The U.S. Army Tank-Automotive Research, Development and Engineering Center, or TARDEC, and LockheedMartin , demonstrated a fully autonomous convoy vehicle capable of "navigating hazards and obstacles such as road intersections, oncoming traffic, stalled and passing vehicles, pedestrians, and traffic circles in both urban and rural test areas." In other words, vehicles are one stop closer to being driverless. Here's what you need to know.
Autonomous to the rescue
As of Jan. 31, there have been a reported 3,417 coalition military fatalities in Afghanistan, alone. Further, the cause behind more than 1,300 of those deaths was improvised explosive device, or IED, attacks. Moreover, these numbers don't take into account coalition forces injured in IED attacks -- which are exponentially higher. Clearly, IEDs are a problem, which is where autonomous vehicles come in.
Troops are exposed to possible IED attacks in a number of different ways, including running supplies. As such, using autonomous vehicles likes Lockheed's could help eliminate injuries and deaths from missions. Plus, as DARPA reports, the National Defense Authorization Act for Fiscal Year 2001 states, "It shall be a goal of the Armed Forces to achieve the fielding of unmanned, remotely controlled technology such that ... by 2015, one-third of the operational ground combat vehicles are unmanned."
Autonomous and the future
Lockheed isn't the only company working on autonomous vehicles. Oshkosh built an unmanned ground vehicle, or UGV, called the TerraMax, which is capable of unmanned and remote-controlled operation, and of course, Google is working on autonomous vehicles, using a Toyota Motors Prius and an Audi TT.
More importantly, what all of this points to is the ability for vehicles to be driverless. For military applications, this is a logical is step. And as military applications -- like GPS and the Internet -- have a way of trickling into civilian use, this could affect transportation as a whole.
What to watch
For now, UGVs seem more suited for military purposes and, in fact, could save a number of lives. As such, Lockheed's successful Capabilities Advancement Demonstration is great news for the company and could end up being quite profitable. In addition, the ability for cars to be driverless could end up affecting civilian transportation -- although this seems to be less straightforward, as a number of people actually enjoy driving. Still, it's something investors should watch.
Even an unmanned vehicle can run without this
Record oil and natural gas production is revolutionizing the United States' energy position. Finding the right plays while historic amounts of capital expenditures are flooding the industry will pad your investment nest egg. For this reason, The Motley Fool is offering a comprehensive look at three energy companies set to soar during this transformation in the energy industry. To find out which three companies are spreading their wings, check out the special free report, "3 Stocks for the American Energy Bonanza." Don't miss out on this timely opportunity; click here to access your report -- it's absolutely free.
The article Will Lockheed Martin's Revolutionary Self-Driving Vehicle Change Transportation As We Know It? originally appeared on Fool.com.Katie Spence has no position in any stocks mentioned. The Motley Fool recommends Google and owns shares of Google and Lockheed Martin. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.