5 Stocks Saying ‘Thanks, NASA!’

The late Neil Armstrong, NASA changed technology forever

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Nike

Nike 5 Stocks Saying ‘Thanks, NASA!’NASA has helped build better technologies from the ground up — starting with footwear.

While Converse’s Chuck Taylor shoes were (and are) popular, they’re been ousted for the most part for a more supportive style of athletic shoe. And while no moon boots, that shoe was forged thanks to NASA.

The agency developed a process called “blow rubber molding” to produce lighter-weight helmets and, in the 1980s, one of its former engineers pitched a similar technology to Nike (NYSE:NKE). The idea was to create a hollow athletic sole filled with shock-absorbing material.

So, the popular Nike Air line was born — and that technology is now used for all kinds of basketball and athletic shoes that have followed in its footsteps.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/5-stocks-saying-thanks-nasa/.

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