Lockheed Martin Joins $17M Investment Round in Peloton Technology and Commercializing Truck Platooning

Peloton Technology, a developer of vehicle systems that deliver advanced safety, fuel savings and analytics to trucking fleets, today announced an investment agreement with Lockheed Martin LMT to accelerate Peloton's development and deployment of truck-platooning technology for the U.S. and international trucking industries. "We are excited to be working with Lockheed Martin, a recognized leader in automated vehicles and safety-critical systems," said Peloton CEO Josh Switkes. "Lockheed Martin understands and supports our mission of increasing safety and fuel savings across the industry." The Peloton Truck Platooning System is a vehicle automation technology that has the potential to save lives and save fuel in today's trucking operations. The System See full press release