M&A

Lockheed gives big boost to venture capital arm

Lockheed Martin has doubled its emerging technology-focused venture capital fund to $200 million as the defense contractor is seeking greater access to emerging companies.

The tax reform legislation signed in December that dramatically lowered corporate rates led Lockheed Martin Ventures to put an additional $100 million into the fund. Lockheed said Wednesday it will focus that increase on early-stage companies in sensor technologies, autonomy, artificial intelligence and cybersecurity.

With the increase, Lockheed is also expanding its relationship with additive and advanced manufacturing software provider nTopology.

Lockheed is eyeing that company’s flagship “ELEMENT” software as a tool that could potentially aid computational design processes and shorten periods between design and manufacturing phases, Lockheed Martin Ventures Vice President and General Manager Chris Moran said in a release.

The Lockheed Martin Ventures arm started in 2007 and in 2016 started to refocus itself on technology areas it sees as growth engines for the corporation and disruptive to the defense industry.

Within the past year the Ventures organization has invested in small satellite maker Terran Orbital, unmanned underwater vehicle manufacturer Ocean Aero and specialized computer chip company Mythic.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • VIDEO: Explore the 2019 M&A Trends

    Editor Nick Wakeman interviews Kevin DeSanto of the investment bank KippsDeSanto about the highlights of their annual M&A survey and trends driving acquisitions in the federal space. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.