Lockheed Martin Increases Venture Fund to $1B

Lockheed Martin is significantly expanding its investment in emerging defense technologies by increasing the capacity of its venture capital arm from $400 million to $1 billion.

Why Is Lockheed Martin Expanding Its Venture Fund?

The company said Tuesday that the investment marks a 250 percent increase, the largest boost since the fund was established in 2007. The additional funding is intended to accelerate the development and transition of critical technologies into the defense industrial base.

Evan Scott, chief financial officer at Lockheed Martin, said the company’s venture investments are central to its strategy to its “overall strategy to develop and integrate the best technologies for national security.”

“Our investments help create a pipeline of cutting-edge technologies that create a resilient industrial base, drive growth, and ultimately help the United States and its allies deter the most pressing emerging threats,” the executive added.

What Technologies and Partnerships Are Being Supported?

Since its launch, Lockheed Martin Ventures has invested more than $500 million in over 120 companies, with more than 60 becoming suppliers to the company.

The organization has backed a range of companies developing next-generation capabilities. Investments include HawkEye 360, which is advancing radio frequency intelligence systems, and X-Bow Systems, which is working on low-cost solid rocket motor production.

Lockheed Martin Ventures has also supported Meteomatics for weather intelligence, Elve for advanced communications technologies and Venus Aerospace for next-generation propulsion systems. These partnerships highlight the company’s strategy to collaborate with startups to accelerate innovation.

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