Lockheed Martin Earmarks $100 Million for Venture Capital Investments in U.K., Europe

Lockheed Martin (LMT) is expanding its venture capital fund's reach into British and European markets by opening a London office. Lockheed Martin Ventures aims to invest at least $100 million in the UK and Europe, seeking promising defense technologies. This move is part of a broader strategy to invest earlier in the startup lifecycle, ensure technical interoperability, and support allied customers, leveraging a recent increase in the fund's capital capacity from $400 million to $1 billion. The investments are intended to strengthen the transatlantic defense industrial base and enhance supply chain resilience. Lockheed Martin Ventures has a history of investing in and maturing companies, aiming to accelerate the development of new technologies that complement national security capabilities.