Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe
"We are reaching even deeper into the investing ecosystem, meeting our potential partners where they are," said
The decision follows the largest boost in available capital in the fund's history, when the company announced in April that it would boost investment capacity from
"We are looking to invest in technologies that complement the company's national security capabilities and help advance solutions to meet current and future customer mission needs, while further strengthening the transatlantic defense industrial base," said
Why it Matters
- The decision by
Lockheed Martin Ventures leverages rapid increases in venture capital investment, particularly in theUnited Kingdom andEurope . - European customers increasingly seek sovereign capabilities, and as the world's largest aerospace and defense company,
Lockheed Martin is uniquely positioned to accelerate their development. - The investments will help strengthen the defense industrial base and increase the resilience of our supply chain, generating economic benefits for
the United States and our allies. Lockheed Martin Ventures has already invested in a number of promising companies inEurope , with more deals expected to close soon.
Facts and Figures
Lockheed Martin Ventures is one of the most active and longest continuously operated Aerospace and Defense corporate venture capital firms inthe United States . Since its founding it has matured 60 companies to become suppliers.Lockheed Martin Ventures was founded in 2007 with initial funding of$100 million .- To date, it has invested more than
$500 million in more than 120 companies, including several in European markets. - Over the past two years alone, 25 companies have been added to the portfolio.
Companies seeking more information about
About
More than a source of capital,
For additional information about
www.lockheedmartinventures.com.
About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at www.lockheedmartin.com.
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SOURCE Lockheed Martin
Melissa Mathews, International.Media@lmco.com
