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Lockheed Martin Doubles Venture Fund To $400 Million As Prospects Mount

Cal Biesecker By
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Lockheed Martin Doubles Venture Fund To $400 Million As Prospects Mount
Artist's rendering of Electra.aero's hybrid-electric, ultra-short takeoff and landing aircraft. Earlier in 2022, Lockheed Martin led a Series A funding round in the developer of hybrid-electric ultra-short takeoff and landing aircraft. Image: Electra.aero

Flush with opportunities, Lockheed Martin [LMT] on Tuesday said it has doubled its venture capital fund to $400 million as it screens more start-up technology companies to invest in. “The success of our venture capital investments to date is a testament to our strategy and allows Lockheed Martin to continue to deliver innovative solutions across all domains,” Jay Malave, the company’s chief financial officer, said in a statement. “Doubling our ventures fund will allow us to increase the number of…

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