Lockheed Martin

Lockheed Martin Corporation is a leading global security and aerospace company specializing in the research, design, development, manufacture, integration, and sustainment of advanced technology systems and products. The company operates through four main segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space Systems. The Aeronautics segment focuses on combat and air mobility aircraft, while the Missiles and Fire Control segment provides various defense systems, including tactical missiles and logistics support. The Rotary and Mission Systems segment delivers military and commercial helicopters, combat systems, and training services, and the Space Systems segment develops satellites and missile systems to support national security. Founded in 1912 and headquartered in Bethesda, Maryland, Lockheed Martin also engages in venture capital investments through Lockheed Martin Ventures, targeting early-stage companies in sectors such as autonomous systems, cybersecurity, and advanced manufacturing. The firm has invested over $100 million in startups since 2007, aiming to foster innovative technologies that address complex challenges in defense and aerospace.

Paul Colonna

President and Chief Investment Officer

Jeff Cunningham

Investor

David Jewell

Communications Director, Aircraft and Logistics Centers

Frank A. St. John

COO

Michael Kendall

Investor

Zachary Ladonis

Analyst

Allan Lockheed

Founder

J. Christopher Moran

Vice President and General Manager

Elizabeth A. Onasanya

Analyst

Gopal Rajaraman

Investor

John Richmond

Senior Associate

John Sheehan

Vice President and General Manager Commercial Aviation Inspection Service

Sam Stonberg

Investor

Xiaoming Yin

Senior Investment Manager

Richard F.Ambrose

Executive Vice President

Alison (Ali) Perez

Investor

Past deals in Drones

Slingshot Aerospace

Series A in 2022
Slingshot Aerospace, Inc. is a company that develops innovative online tools and platforms aimed at providing geospatial information for the aerospace and defense sectors. Incorporated in 2016 and headquartered in El Segundo, California, with an additional office in Austin, Texas, Slingshot Aerospace offers a suite of platforms—Slingshot Earth, Slingshot Orbital, Slingshot Edge, and Slingshot Imagery—that integrate data from a variety of sources, including satellites, airplanes, drones, and ground-based sensors. This integration enables organizations in industries such as energy, military, government, and emergency management to access critical insights and analytics. By leveraging advanced technologies, including signal processing AI, the company helps clients make informed decisions based on Earth Observation data and other data sources, ultimately improving operational efficiency, reducing risks, and lowering costs.

Electra.aero

Series A in 2022
Manufacturer of hybrid-electric aircraft intended for sustainable urban and regional mobility. The company specializes in designing electric short takeoff and landing airplanes that are equipped with pilot assistance systems, powered-lift, distributed electric propulsion and on-demand service that eliminates the need for ground charging infrastructure and facilitates quick turnaround in diverse environments, enabling clients to access safe, clean, quiet, convenient and affordable transportation.

Elroy Air

Series A in 2021
Elroy Air, Inc. is an aerospace and logistics company based in San Francisco, California, founded in 2016. The company develops autonomous aircraft systems capable of delivering goods, focusing on logistics, robotics, and air transportation. Its innovative aerial cargo delivery system features rotor-based vertical takeoff and landing (VTOL) capabilities, transitioning to wing-based cruise flight for long-range operations. Elroy Air's delivery drones are designed to transport heavy cargo over long distances, making them suitable for commercial, humanitarian, and military applications. The aircraft can efficiently serve remote areas with challenging infrastructure, providing rapid humanitarian aid and resupply for military operations while minimizing costs and environmental impacts compared to traditional aircraft. This technology enables businesses to enhance their express delivery options, particularly in the middle mile of the logistics chain.

Hidden Level

Venture Round in 2021
Hidden Level is an aviation and aerospace company founded in 2018 and headquartered in New York, United States. The company specializes in advanced radar sensors and custom-built sensor technology aimed at enhancing safety in low altitude air traffic management. Its offerings include systems engineering, data modeling and analysis, field testing, printed circuit board design, and comprehensive product life cycle management. By providing innovative sensing tools, Hidden Level helps aerospace component manufacturers improve technology and productivity while addressing complex challenges in airspace safety.

Uhnder

Series C in 2020
Uhnder Inc. is a technology company focused on developing innovative products for sensing, cognition, and communication within the Internet of Things (IoT) market. Founded in 2015 and headquartered in California, with engineering and operations in Austin and St. Louis, Uhnder specializes in a digital automotive radar-on-chip. This technology offers a more accurate and reliable alternative to traditional light detection and ranging (lidar) systems, which are commonly used in autonomous vehicles. The radar-on-chip enhances safety by helping to avoid collisions, providing alerts for potential issues, and enabling quick localization through electronic navigation fences. By improving feedback response and system automation, Uhnder aims to transform the autonomous vehicle landscape.

Ocean Aero

Series B in 2018
Ocean Aero, Inc. is an unmanned systems company based in San Diego, California, that specializes in designing, developing, and manufacturing autonomous underwater vehicles for a diverse range of sectors, including military, scientific, commercial, and government. The company produces unmanned underwater and surface vessels, along with a System-as-a-Service model that aids in mission planning, outfitting, monitoring, and data acquisition. Its products serve various applications such as marine asset monitoring, ocean floor mapping, military intelligence, environmental sampling, and port security. Ocean Aero focuses on creating eco-friendly, energy-efficient platforms, notably the "Submaran," a wind and solar-powered vessel designed for prolonged deployment at sea. With a commitment to advancing observational technologies, the company aims to meet the increasing demand for unmanned platforms that can gather and relay critical oceanic data. Since its incorporation in 2013, Ocean Aero has been dedicated to improving maritime understanding and protection, with plans for future innovations and variations of its vessel technology.

Ocean Aero

Venture Round in 2017
Ocean Aero, Inc. is an unmanned systems company based in San Diego, California, that specializes in designing, developing, and manufacturing autonomous underwater vehicles for a diverse range of sectors, including military, scientific, commercial, and government. The company produces unmanned underwater and surface vessels, along with a System-as-a-Service model that aids in mission planning, outfitting, monitoring, and data acquisition. Its products serve various applications such as marine asset monitoring, ocean floor mapping, military intelligence, environmental sampling, and port security. Ocean Aero focuses on creating eco-friendly, energy-efficient platforms, notably the "Submaran," a wind and solar-powered vessel designed for prolonged deployment at sea. With a commitment to advancing observational technologies, the company aims to meet the increasing demand for unmanned platforms that can gather and relay critical oceanic data. Since its incorporation in 2013, Ocean Aero has been dedicated to improving maritime understanding and protection, with plans for future innovations and variations of its vessel technology.

Sikorsky Aircraft

Acquisition in 2015
Sikorsky Aircraft Corporation designs, manufactures, and services military and commercial helicopters, as well as fixed-wing reconnaissance aircraft. The company offers a range of products, including civil and heavy-lift helicopters, along with related spare parts. Sikorsky provides maintenance, repair, and overhaul services for both aircraft and helicopters, as well as integrated helicopter services that encompass management, maintenance, and charter flights. Its helicopters are utilized by various governments worldwide, including those in the United States, Europe, Asia, and the Middle East. Founded in 1923 and based in Stratford, Connecticut, Sikorsky has manufacturing and assembly operations in multiple locations across the United States, alongside specialized facilities for military and commercial aircraft completion and engineering. Sikorsky Aircraft Corporation operates as a subsidiary of United Technologies Corp.

Chandler/May, Inc.

Acquisition in 2012
Chandler/May, Inc. has delivered hundreds of integrated command and control shelters and portable ground control stations in support of U.S. Army UAS programs. They have produced more than 2,200 unmanned aerial vehicles (UAVs), including the Desert Hawk UAV, a program for which Chandler/May, Inc. is a supplier to Lockheed Martin. Chandler/May, Inc. has also developed a fully integrated UAS, consisting of the Fury® UAV, SharkFin® Mission & Flight Control System and Tactical Air Vehicle Control System (TACS) ground control station.

Procerus Technologies

Acquisition in 2012
Procerus Technologies, a company specializing in autopilot and other avionics for micro unmanned aerial systems.

Gyrocam Systems

Acquisition in 2009
Gyrocam Systems, LLC manufactures gyrostabilised camera systems for law enforcement and security applications. It offers triple sensor, day/night vision, dual sensor, high definition color, marine patrol, mobile and land based site protection, and microwave transmission products. The company was founded in 1987 as Aerial Films, Inc. and changed its name to Gyrocam Systems, LLC in 2003. Gyrocam Systems, LLC is based in Sarasota, Florida. As of August 31, 2009, Gyrocam Systems, LLC operates as a subsidiary of Lockheed Martin Corporation.
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