Lockheed Martin targets UK with major new startup fund

Lockheed Martin targets UK with major new startup fund

Lockheed Martin will establish a new London office in an expansion to its VC arm that will see it deploy at least $100m (£74.4m) across British and European startups. Lockheed Martin Ventures serves as the aerospace giant’s early-stage investment fund. The European expansion is backed by a massive capital injection in April, which saw the corporate venture fund’s overall capacity more than double from $400m to $1bn (£744m). The strategic move ai…