Mentioned:
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Lockheed Martin wants to fund the next big breakthroughs in technology. Which is exactly why they’re scaling up their venture capital fund.

What’s happening:

  • Lockheed Martin (NYSE: LMT) has publicly stated they are increasing the size of their venture capital fund known as Lockheed Martin Ventures to $1B USD

By the numbers:‍

  • Lockheed Martin Ventures previously was funded with $400M USD prior to the new increase

Why it matters:‍

  • This is the largest capital increase Lockheed Martin has ever made to venture capital investments since they first started Lockheed Martin Ventures over a decade and a half ago

Going deeper:‍

  • Lockheed Martin Ventures has made multiple notable investments into both private and public companies, including IonQ (NYSE: IONQ), aerospace company Terran Orbital, defense robotics company Firestorm Labs and others
  • Lockheed Martin has publicly stated they are expanding the size of Lockheed Martin Ventures to deploy more capital into early stage companies focused on artificial intelligence, quantum computing, advanced weapons, electronic military systems and aerospace

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