Lockheed Martin to More Than Double Capacity of Venture Capital Fund

Published: 2026-04-14 09:28:33 ET LMT

Published on 04/14/2026 at 09:28 am EDT

By Connor Hart

Lockheed Martin said it will more than double the capacity of its venture capital fund, Lockheed Martin Ventures, to $1 billion from $400 million.

The defense contractor said Tuesday the additional capital will be deployed over time to support development of technologies tied to national security, with a focus on accelerating the transition of research and development efforts into operational capabilities.

Chief Financial Officer Evan Scott said the venture portfolio is intended to build a pipeline of emerging technologies and suppliers that can strengthen the company's long-term growth and resilience, while supporting U.S. and allied defense priorities.

Lockheed Martin Ventures has invested more than $500 million across over 120 companies since its inception. More than 60 of those companies have gone on to become suppliers to the company, collectively receiving over $750 million in contracts, Lockheed said.

The company said its investments have focused on areas including artificial intelligence, quantum computing, autonomy, directed energy, advanced materials and microelectronics.

Write to Connor Hart at [email protected]

(END) Dow Jones Newswires

04-14-26 0844ET