Lockheed Martin Ventures
UnclaimedAt a Glance
- Stage
- Seed, Series A, Series B+
- AUM
- $1B
- Sectors
- Aerospace & Defense, Deeptech, AI +1
- Founded
- 2007
- HQ
- Bethesda, MD
About Lockheed Martin Ventures
Lockheed Martin Ventures is the strategic investment arm of Lockheed Martin, set up in 2007 with an initial $100 million. On April 14, 2026, Lockheed Martin announced from its Bethesda, Maryland headquarters that it had authorized an increase in the fund's capacity from $400 million to $1 billion, which the company called the largest increase since the fund was established. The unit's portfolio page now describes a $1 billion evergreen fund.
The fund describes its mission as identifying and accelerating deep-tech pioneers and dual-use technologies. Its listed focus areas are advanced weapons, artificial intelligence, autonomy, cyber, digital transformation, electronics and compute, materials, manufacturing, next-generation communications, power and propulsion, quantum, and sensors and position, navigation and timing. The April 2026 announcement singled out quantum, autonomy, AI, directed energy, advanced materials and microelectronics. The portfolio spans space companies such as Rocket Lab, Terran Orbital, HawkEye 360 and OrbitFab, quantum computing companies such as IonQ, D-Wave, Atom Computing and Q-CTRL, and autonomy and hardware companies such as Skydio, Forterra, HavocAI and Machina Labs.
The distinctive feature is supply-chain integration. Lockheed Martin says that of the more than 120 companies the fund has backed, over 60 have become suppliers to the company and have received $750 million in contracts. Investments are aligned with Lockheed's Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space business areas, and the fund runs an annual Demo Day that connects portfolio companies with Lockheed engineering teams; the ninth was scheduled for August 2026. The team includes an investment director dedicated to Europe.
Investment Thesis
“Lockheed Martin Ventures says it exists to identify and accelerate deep-tech pioneers and dual-use technologies. The company frames the fund as a way to mature critical technologies for national security and move them from R&D into the defense industrial base. Chief financial officer Evan Scott said in April 2026 that the investments create a pipeline of cutting-edge technologies that build a resilient industrial base, drive growth and help the United States and its allies deter emerging threats. The practical test is whether a startup's technology can be integrated into Lockheed programs, which is why the fund reports supplier conversions and contract value alongside investment totals.”
Firm Type
Sector Focus
Investment Stage
Notable Portfolio Companies
View full portfolio →Key Team (8)
Chris Moran
Vice President and General Manager
Jeff Cunningham
Investment Director
Sam Stonberg
Investment Director, Europe
Rathik Patel
Portfolio Director
Gopal Rajaraman
Senior Investment Manager
John Richmond
Senior Investment Manager
Katie Swanson
Senior Investment Manager
Carter Callaway
Investment Manager
Fund History
- The fund launched in 2007 with $100 million and had grown to $400 million in capacity before the April 2026 authorization raised it to $1 billion, an increase Lockheed said would be used over future periods.
- It operates as an evergreen balance-sheet fund rather than a closed-end vehicle.
- Through April 2026 it had invested more than $500 million in over 120 companies, adding 25 companies in the prior two years.
- No Form D filings under the name Lockheed Martin Ventures were found in a SEC EDGAR full-text search, and check sizes are not published.
Related Articles (1)
Frequently Asked Questions
What stage does Lockheed Martin Ventures invest at?
Lockheed Martin Ventures primarily invests at the Seed, Series A, Series B+ stages. This means they focus on companies that are building their initial product and finding product-market fit.
Where is Lockheed Martin Ventures located?
Lockheed Martin Ventures is headquartered in Bethesda, MD. Many of their portfolio companies are also based in this region, though they invest across geographies.
What sectors does Lockheed Martin Ventures focus on?
Lockheed Martin Ventures focuses on investments in Aerospace & Defense, Deeptech, AI, Space. Their portfolio reflects deep expertise and networks within these sectors.
How much does Lockheed Martin Ventures have under management?
Lockheed Martin Ventures manages approximately $1B in assets under management (AUM) across their funds.
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