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Business/Financial

Lockheed Martin Ventures Invests In Counter-Drone, Chip Companies

By Cal Biesecker

Tuesday, February 21st, 2023

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Lockheed Martin Ventures Invests In Counter-Drone, Chip Companies

Fortem Technologies' TrueView R30 radar. Photo: Fortem

Fortem Technologies on Tuesday said it has closed an $17.8 million funding round with new investors that includes Lockheed Martin [LMT] and others to allow it to scale to meet the growing demand of the counter-drone and advanced air mobility markets. Separately, Lux Semiconductors said it has raised $2.3 million in a seed funding round that includes Lockheed Martin to help accelerate a new semiconductor platform aimed at increasing performance and lowering costs. Lockheed Martin's venture business unit made the…

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