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Latest Federal & Government Contracting Companies' News Coverage

Latest Federal & Government Contracting Companies' News Coverage

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Millimeter wave power amplifier maker Elve has announced the completion of its Series A funding round and raising $15 million from an investor group led by TomEnterprise Private AB and joined by Lockheed Martin Ventures. The Davis, California-based firm company said Thursday it will use the fresh funds to grow its customer base in the space connectivity market and increase manufacturing capabilities.


Lockheed Martin's venture capital arm has made a strategic investment in weather intelligence provider Meteomatics to support the latter's product development and market expansion initiatives. Meteomatics said Thursday it will use the capital to scale its high-resolution weather and climate technology and expand its presence in the defense, energy, aviation, insurance and government sectors.

J. Christopher Moran, a 35-year technology industry veteran and former senior executive at Applied Materials, has joined Lockheed Martin as executive director and general manager of the company’s venture capital business. He will manage Lockheed Martin Ventures‘ strategy and pipeline development, investment tracking, transaction execution and reporting functions, the company said Tuesday. “With his guidance, we will work with other leading investors […] More
Lockheed Martin and Red 6 are forming a strategic joint venture and are entering a mentor-protege agreement under the U.S. Small Business Administration Mentor-Protege Program. The two companies said Wednesday that the agreement will help with innovation, joint ventures, bidding and the exploration of future investments. The agreement will also provide Lockheed with access to […] More
Lockheed Martin‘s venture capital arm made a strategic investment in South 8 Technologies, which developed a novel lithium-ion battery that uses liquefied gas electrolyte. South 8 said Wednesday that it received support from Lockheed Martin Ventures, as well as LG Technology Ventures, Foothill Ventures and Anzu Partners. The company’s LiGas technology was designed to increase […] More
Lockheed Martin‘s venture capital arm made an investment in Agile Space Industries, a company that produces hypergolic chemical systems for in-space propulsion technologies. Agile said Friday Lockheed Martin Ventures’ contribution closes the seed-2 funding round with over $18 million in financing raised. The financing campaign is part of Agile Space Industries’ plan to boost its […] More
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