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Business/Financial

Lockheed Martin Ventures Invests In Electric Motor Company H3X

By Cal Biesecker

Wednesday, March 1st, 2023

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Lockheed Martin Ventures Invests In Electric Motor Company H3X

H3X Technologies HPDM-30 motor has a continuous power rating of 33 kW and a mass of 4.1 kg. Photo: H3X

H3X Technologies, a developer and manufacturer of electric motors for aircraft, on Tuesday said it has received an investment from Lockheed Martin’s [LMT] venture arm to help it accelerate development and commercialization of its integrated motors. The value of the investment wasn’t disclosed. H3X has 17 employees. H3X is developing a series of electric motors ranging from 30 kW to 3MW that the company says are “unparalleled in performance in terms of specific power and efficiency.” The Denver-based company also…

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