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Business/Financial

Lockheed Martin Invests In Canadian Imaging Company

By Cal Biesecker

Wednesday, January 8th, 2020

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Lockheed Martin Invests In Canadian Imaging Company

PV Labs' PV-1520 - Next Generation ISR system. Photo: PV Labs

Lockheed Martin [LMT] has made a $4 million investment in Canadian imaging company PV Labs as part of an earlier deal requiring the U.S. defense giant to invest in Canadian technology company’s related to Canada’s earlier purchase of C-130J airlift aircraft. PV Labs on Wednesday said the investment will help with its development of its fifth-generation Advanced Stabilization Technology and development of a high-resolution electro-optic/infrared sensor system that was demonstrated in May 2019 with Lockheed Martin for a U.S. defense…

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