Lockheed Martin doubles the size of its VC fund to $400m

RIYADH: American aerospace firm Lockheed Martin has doubled its venture capital fund from $200 million to $400 million, with plans to use the additional amount in startup technology companies. 

In the year to date, Lockheed Martin has invested in 11 technology startups operating in various sectors, including sensor technology, quantum computing, advanced manufacturing, and space services, according to a press release.