General Motors Co. (NYSE:GM) said Tuesday its defense unit will supply battery-electric propulsion for a new lunar terrain vehicle as NASA’s Moonbase goals take shape.
GM To Provide Battery Electric Propulsion
The Detroit Free Press reported on Tuesday that GM’s military contracting subsidiary, GM Defense, will participate as a subcontractor on the "Pegasus" Lunar Terrain Vehicle, with Lunar Outpost serving as prime contractor. GM will also be joined by tire manufacturer Goodyear Tire & Rubber Co. (NASDAQ:GT).
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NASA's award to Lunar Outpost totals $220 million for an initial phase, while GM has not said what share of that funding would flow to its portion of the effort, according to the report.
