GM Defense, a subsidiary of automotive major General Motors (NYSE:GM), has teamed up with Anduril Industries to collaborate on defense program capture activities. The two partners will focus on autonomy solutions, battery electrification, and other new propulsion technologies.
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Additionally, the collaboration will also focus on the integration of Anduril’s technologies into GM Defense’s mobility solutions. Currently, the two companies are showcasing multiple offerings, including Anduril’s open software platform Lattice and GM’s infantry squad vehicle (ISV), at the Association of the U.S. Army tradeshow in Washington.
GM Defense has expertise in ground vehicle autonomy, sensing, vehicle safety systems, and connected vehicle fleet analytics. By combining this expertise with Anduril’s capabilities in AI, autonomous systems, and integrated defense solutions, the two partners plan to provide solutions for U.S. defense programs while also tapping into other global opportunities.
Is GM Stock Expected to Rise?
Meanwhile, labor challenges in the U.S. and Canada have led to GM shares hitting three-year lows. Nevertheless, the Street has a consensus price target of $48.87 for GM, along with a Moderate Buy consensus rating. This implies a 56.2% potential upside in the stock.
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