Lockheed Martin Ventures

Lockheed Martin Ventures (LMV) is the corporate venture capital arm of Lockheed Martin Corporation, established in 2007 and headquartered in Bethesda, Maryland. LMV makes minority equity investments of typically $1–10 million in early- to growth-stage companies developing technologies with strategic relevance to Lockheed Martin's core defense, aerospace, and space businesses. The fund operates as both a financial investor and a strategic partner, with portfolio companies gaining access to Lockheed Martin's program offices, testing facilities, and customer relationships across its Space, Aeronautics, Missiles & Fire Control, and Rotary & Mission Systems segments.

In the space domain, LMV has been an active investor in launch, propulsion, ground systems, satellite manufacturing, and space domain awareness. Notable space-sector portfolio companies include Relativity Space (3D-printed rockets), Ursa Major Technologies (rocket engines), HawkEye 360 (RF geospatial analytics), Slingshot Aerospace (space situational awareness), Hermeus (hypersonic aircraft), and Starbridge (Colorado space fund LP). The venture arm maintains co-investment relationships with other corporate VCs including Boeing HorizonX, Airbus Ventures, and Northrop Grumman's venture programs.

LMV's investment thesis prioritizes technologies that could reduce Lockheed Martin's supply chain dependencies — particularly in propulsion, electronics, and advanced materials — or that could be integrated into next-generation Lockheed Martin platforms. The fund also invests in dual-use technologies serving both commercial and government markets, a segment where startups often struggle to navigate the contracting landscape that Lockheed Martin can help unlock.

Beyond traditional equity investments, LMV participates in Other Transaction Authority (OTA) agreements and SBIR/STTR programs to maintain early visibility into emerging technology companies. The arm coordinates with Lockheed Martin's internal innovation programs, including its Skunk Works advanced development facility, to identify technology gaps. LMV competes with In-Q-Tel, Boeing HorizonX, L3Harris Ventures, and Raytheon's investment programs for deals in defense-adjacent deep tech.