Lockheed Martin boosts venture fund to $1B

Aerospace and defense giant Lockheed Martin has significantly increased the capacity of its venture capital fund, raising it to $1 billion. This expansion reflects the company's strategic interest in fostering innovation and investing in emerging technologies relevant to its core business areas. The increased fund size allows Lockheed Martin to make larger investments and potentially acquire stakes in a wider range of promising startups and technology companies. This move underscores the growing trend of established corporations leveraging venture capital to drive future growth and technological advancement.