BETHESDAMaryland, August 2, 2022 – Lockheed Martin (NYSE: LMT) announced today that it has doubled its venture capital fund from $200 million to $400 million. Lockheed Martin Ventures will use the increased funds to continue accelerating future defense innovation by investing in technology start-ups.
“The success of our venture capital investments to date is a testament to our strategy and enables Lockheed Martin to continue to deliver innovative solutions across the board,” said Jay Malave, Chief Financial Officer of Lockheed Martin. “Doubling our venture capital fund will allow us to increase the number of start-ups we can work with to advance 21st Century Security technologies for the benefit of our customers.”
Lockheed Martin Ventures portfolio companies leverage the latest disruptive and cutting-edge technologies in core businesses and new markets important to Lockheed Martin. Since 2007, the venture capital fund has invested in more than 70 startups whose emerging innovations have the potential to become foundational technologies that help solve the complex challenges facing our customers.
“In 2021 alone, Lockheed Martin Ventures screened more than 1,000 start-ups that are at the forefront of advancements in areas such as artificial intelligence, autonomy and robotics, cybersecurity and quantum computing,” said Chris Moran, vice president and general manager, Lockheed Martin Ventures. “Today’s announcement relates to the growth of the fund, but also the growth of our team, our portfolio and our level of engagement with the main programs of Lockheed Martin. This engagement allows Lockheed Martin Ventures to identify, evolve and integrate emerging technologies into our national security industrial base to scale and better meet the future needs of our customers.”
Year-to-date, the venture capital fund has already invested in 11 new technology companies focused on areas of interest to Lockheed Martin such as sensor technology, quantum computing, advanced manufacturing and space services.
For more information on LMV, visit www.lockheedmartinventures.com
About Lockheed Martin Ventures
Lockheed Martin Ventures makes strategic investments in companies that develop advanced technologies in core businesses and new markets important to Lockheed Martin.
More than a source of capital, Lockheed Martin Ventures offers portfolio companies access to our world-class engineering talent, cutting-edge technologies, research, and access to international business relationships and the supply chain. company supply.
About Lockheed Martin
Headquartered in Bethesda, Maryland, Lockheed Martin Corporation is a global security and aerospace company that employs approximately 114,000 people worldwide and is primarily engaged in research, design, development, manufacturing, integration and service. maintaining state-of-the-art technology systems, products and services.
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