Lockheed Martin (LMT) said it is increasing the capacity of its venture capital fund, Lockheed Martin Ventures, from $400 million to $1 billion — an increase of 250%. Lockheed Martin will use the increase over future periods to mature critical technologies for national security, helping accelerate the most promising technologies from R&D to availability in the Defense Industrial Base.
Evan Scott, CFO, Lockheed Martin, said: "Our investments help create a pipeline of cutting-edge technologies that create a resilient industrial base, drive growth, and ultimately help the United States and its allies deter the most pressing emerging threats."
In pre-market trading on NYSE, Lockheed Martin shares are down 0.14 percent to $618.69.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.