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Business/Financial

Lockheed Martin Ventures Invests In Weather Technology Company Meteomatics

By Cal Biesecker

Thursday, February 1st, 2024

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Lockheed Martin Ventures Invests In Weather Technology Company Meteomatics

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Meteomatics, a Switzerland-based company focused on technologies to improve weather forecasting and modeling, has received a strategic investment from the venture investment unit of Lockheed Martin [LMT] to scale the small company’s technology and expand into new markets and industries. The value of the investment by Lockheed Martin Ventures was not disclosed. Lockheed Martin said that Meteomatics’ technology is useful for U.S. and allied military operations. “Lockheed Martin Ventures identifies companies with transformative technologies that serve the evolving needs of…

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