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Lockheed to Funnel $460M Tax Reform Savings to R&D, Venture Fund, Employee Programs

TYSONS CORNER, VA, June 11, 2018 — Lockheed Martin (NYSE: LMT) aims to shift an estimated $460 million in savings the company said it generated through the recent U.S. tax reform law toward research and development as well as investments in technology startups, ExecutiveBiz reported Friday.

The company said Thursday part of the savings will be placed with Lockheed Martin Ventures to support early-stage firms working on artificial intelligence, advanced manufacturing, autonomy, cyber and sensor technologies, with the rest going toward employee training as well as the creation of the Lockheed Martin Innovation Prize competition and Lockheed Martin STEM Scholarship Fund.

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