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  • Thursday, December 26, 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.

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