Sign In
Search
Business/Financial

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

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Army

Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher

Air Force

Next SDA Tranche 1 Launches Likely In May Or June, Director Says

Air Force

Space Force Holding Reverse Industry Day For Evolved Strategic SATCOM

Advanced / Transformational Technology

Rocket Lab Nabs $190 Million Contract For HASTE Launches In Support Of Hypersonic Testing

Trending

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says
Lockheed Martin Reveals Rapid Fielding Center As Step Between Prototype And Full Production
Army Officially Launches ‘Amazon-Like’ UAS Marketplace
Lockheed Martin Rolls Out Low-Cost Containerized Grizzly Launcher
Space Force Adds Portfolio Acquisition Executives For Four More Mission Areas

Congress Updates

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]

Congress

Graham Says GOP To Move Ahead On Second Reconciliation Bill, With Defense Funds As Priority

Senate Budget Committee Chair Lindsey Graham (R-S.C.) said Wednesday, with the White House’s backing, his panel will move “expeditiously” on crafting a second reconciliation bill, citing priorities for defense and […]

Pentagon

Hegseth Acknowledges Potential $200 Billion Iran Supplemental Request, Final Figure ‘Could Move’

Defense Secretary Pete Hegseth on Thursday acknowledged the Pentagon could potentially ask Congress for $200 billion in supplemental funding to support the ongoing operation against Iran and replenish munitions used […]

Congress

Counter-Drone Flyaway Kit Used In U.S. In Early Hours Of Iran Strikes, NORTHCOM Head Says

U.S. Northern Command (NORTHCOM) used a counter small unmanned aircraft system (sUAS) flyaway kit (FAK) in the early hours of the strikes against Iran on Feb. 28, according to Air […]

The Force Multipliers

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Job Feed

Post a Job // Post a Resume