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Business/Financial

Lockheed Martin Doubles Venture Capital Fund To $200 Million

By Cal Biesecker

Thursday, June 7th, 2018

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Lockheed Martin Doubles Venture Capital Fund To $200 Million

Lockheed Martin [LMT] on Wednesday said it has added another $100 million to its venture capital fund, doubling the firepower of Lockheed Martin Ventures for investments in early-stage companies that are developing advanced technologies.With the added capital, Lockheed Martin Ventures is looking to increase the pace at which it makes investments. The company said it has also made an investment in nTopology, which is developing software for advanced computer aided design for additive advanced manufacturing.Lockheed Martin already had a supplier…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

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Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

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Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

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