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Business/Financial

Lockheed Martin Makes Second Investment In Ocean Aero

By Cal Biesecker

Tuesday, August 28th, 2018

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Lockheed Martin Makes Second Investment In Ocean Aero

Diagram of Ocean Aero's Submaran unmanned underwater and surface vessel . (Diagram: Ocean Aero.)

Lockheed Martin [LMT] on Tuesday said it has made a second investment in the unmanned maritime systems company Ocean Aero, a multi-million dollar investment aimed at helping the California-based company ramp up its production capacity.Lockheed Martin said that that its strategic investment in a Series B funding round came alongside another multi-million dollar infusion from Energy Innovation Capital (EIC), the first by the firm in the unmanned maritime systems market.Lockheed Martin’s interest in California-based Ocean Aero is in the intelligence,…

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