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Lockheed Martin Ventures Invests In Electric Seaglider Company REGENT

Cal Biesecker By
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Lockheed Martin Ventures Invests In Electric Seaglider Company REGENT
REGENT Viceroy 12 passenger seaglider. Image: REGENT

A new company that is developing low-cost electric seagliders for commercial and defense markets on Wednesday said it has received a strategic investment from Lockheed Martin’s [LMT] venture arm, raising total investments in REGENT to just over $50 million since its founding just over two years ago. The investment by Lockheed Martin Ventures will be primarily be used in the development of Rhode Island-based REGENT’s full-scale prototype of its Viceroy seaglider, which will carry 12 passengers and two crewmembers or…

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