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  • Wednesday, April 24, 2024

Lockheed Martin Ventures Eyes $100M in Tech Startup Investments


TYSONS CORNER, VA, June 8, 2018 — Lockheed Martin (NYSE: LMT) aims to utilize $100 million in savings the company says it generated through the U.S. tax reform to invest in technology startup companies via its venture capital arm, ExecutiveBiz reported Thursday.

Defense News reported Wednesday that Chris Moran, head of Lockheed Martin Ventures, told reporters at a recent event that the fund is targeting up to eight investments a year, focusing on technology capabilities such as artificial intelligence, autonomy, cyber, data analytics, space and 3D printing.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

Contact:
Jason Scott
(703) 226-7003
jason.scott@executivemosaic.com

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