Lockheed Martin Ventures

Lockheed Martin Ventures, established in 2014, is a venture capital arm of Lockheed Martin Corporation. It focuses on investing in early-stage companies specializing in advanced technologies such as autonomous systems, cybersecurity, space technologies, and artificial intelligence.

Paul Colonna

Jeff Cunningham

Investor

Zachary Ladonis

Analyst

Chris Moran

Vice President

Alison (Ali) Perez

Investor

Past deals in GovTech

Firestorm

Series A in 2024
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

Terran Orbital

Acquisition in 2024
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

Firestorm

Seed Round in 2024
Firestorm develops modular open-source unmanned aerial platforms and related hardware and software designed for defense applications. The company focuses on open-architecture systems that enable rapid, distributed manufacturing and mission-adaptable configurations. Its platforms feature swappable propulsion and payload options and are supported by mobile micro-factories that enable rapid drone production through advanced additive manufacturing. By enabling customizable, low-cost aerial systems, Firestorm aims to support military and defense operators across varied terrains and missions with adaptable, scalable solutions.

Terran Orbital

Post in 2022
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

Terran Orbital

Post in 2022
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

Terran Orbital

Post in 2022
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

PV Labs

Venture Round in 2020
PV Labs Inc. is an established image acquisition and analytics company based in Hamilton, Canada, with an additional office in Van Nuys, California. Founded in 2004, the company specializes in designing and developing advanced aerial imaging systems for intelligence, surveillance, and reconnaissance (ISR) applications, catering to various levels of government and military needs. PV Labs offers a range of innovative products, including the Look Down Gimbal, which stabilizes sensor payloads, and the Tactical Content Management System, facilitating real-time data management over limited bandwidth. Their technology encompasses sensor solutions for persistent wide area surveillance, extended range electro-optical and infrared telescopes, and hyperspectral imaging. The company also provides camera systems for monitoring and inspecting manufacturing processes and offers specialized aerial imaging solutions for the security, public safety, and geospatial sectors, as well as for cinema, broadcast, and gaming applications.

Terran Orbital

Series B in 2018
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

Terran Orbital

Venture Round in 2017
Terran Orbital Corporation specializes in the manufacturing of picosatellites, cubesats, and nanosatellites, catering to government and commercial clients. Established in 2014 and headquartered in Irvine, California, the company offers a range of integrated satellite solutions, including the Intrepid system, which supports cubesat and nanosatellite missions, and the Endeavour platform, known for its advanced spacecraft bus subsystems. Additionally, Terran Orbital provides a radiation-tolerant FPGA-based computer system designed for harsh space environments. Their services extend beyond manufacturing to include mission consulting, research and development, satellite constellation development, and launch services. The company serves a diverse clientele, including enterprises, universities, and government agencies, primarily in the United States and Europe, delivering cost-effective, end-to-end aerospace solutions.

OMX

Venture Round in 2017
OMX is a subscription-based, industry-led software platform that connects businesses in the international defense, aerospace, and security industries. The platform supports businesses to improve leverage of government procurements, increase efficiency, reduce cost, and ensure economic benefit to government. OMX also provides access to tens of thousands of companies by region, size, local content, certifications, and capability, with software tools to manage supplier and customer communications collaboratively across an organization. The platform is web-based, which helps companies to control their supply chain and sales management while on the road or working in different environments internally. The platform generates real-time analytics and reporting to ensure companies are ahead of their offset obligations as a result of winning government contracts. OMX is based in Toronto, O.N.

CarteNav Solutions

Funding Round in 2016
CarteNav Solutions Inc., founded in August 2002 and based in Halifax, Nova Scotia, is a privately held, employee-owned company specializing in mission and sensor management software. Initially focused on research and development for defense laboratories in Canada, Australia, and New Zealand, CarteNav gained prominence with the launch of its flagship product, AIMS-ISR®, which integrates moving map technology with advanced sensor control and video processing. AIMS-ISR® has been widely adopted by both government and non-government agencies across more than 25 platforms in over 17 countries, establishing CarteNav as a leader in situational awareness solutions for maritime, land, and air environments. The company also offers AIMS-HD, a cost-effective solution designed to enhance the capabilities of EO/IR cameras. With a commitment to customer service and quality, CarteNav is ISO-9001:2008 certified and recognized for its expertise in sensor management, user interfaces, and systems integration.

Systems Made Simple

Acquisition in 2014
Systems Made Simple, established in 1991 in upstate New York, is a prominent provider of health information technology services to the United States federal government. The company specializes in delivering high-quality IT services, systems and software engineering, program management, and infrastructure solutions. These offerings are designed to address various business and operational challenges faced by federal agencies. Additionally, Systems Made Simple ensures the secure exchange and interoperability of information between patients, providers, and payers, thereby supporting critical healthcare missions.

Zeta Associates

Acquisition in 2014
Zeta Associates is a technology firm focused on developing software solutions that support essential national security missions. The company's products are designed specifically for use by intelligence and defense communities, facilitating the collection, processing, safeguarding, and dissemination of critical information. By leveraging advanced technology, Zeta Associates plays a vital role in enhancing national security efforts.

Procerus Technologies

Acquisition in 2012
Procerus Technologies is a developer of advanced autopilot systems and avionics for micro unmanned aerial systems (UAS). The company focuses on creating innovative solutions tailored for unarmed aerial vehicles, offering a range of services that include autopilot systems, targeting technologies, and payload integration. Procerus serves a diverse clientele, which encompasses domestic and international government entities, as well as industry and academic institutions. Through its expertise, Procerus Technologies plays a significant role in enhancing the capabilities of micro UAS across various applications.

QTC Management

Acquisition in 2011
QTC Management provides independent medical examinations and case management services for government, military and disability markets. It offers occupational health and disability-related examinations, vision services, tonometry, population health screening, surveys, surveillance, wellness programs and health promotion, supported by IT-enabled case management that coordinates timely service delivery. Based in Diamond Bar, California, QTC serves the Department of Defense, the Department of Veterans Affairs and other government agencies, processing more than 450,000 evaluations last year.

IPWireless

Series A in 2009
IPWireless is a pioneering company specializing in the development of next-generation wireless solutions, including silicon, software, and network infrastructure based on the 3GPP mobile standard. The company focuses on delivering innovative wireless broadband and broadcast services, catering to a diverse clientele that includes large mobile network operators, government agencies, and device manufacturers. By providing high-performance, reliable solutions, IPWireless enables its clients to maintain competitive advantages and meet the evolving demands of their subscribers. Their offerings are designed to enhance critical communications, particularly in public safety and other essential services, ensuring that users receive the speed and reliability necessary for modern wireless applications.

Management Systems Designers

Acquisition in 2007
Management Systems Designers Inc. (MSD) specializes in providing information technology and scientific solutions tailored for government agencies, particularly in life sciences and national security. The company offers a comprehensive range of services, including systems design, development, integration, and engineering, as well as application support and IT infrastructure management. Through its expertise in management consulting and business management, MSD supports various civil agency missions and clients in the biomedical research and health sectors, ensuring efficient operations and effective system integration.

The Sytex Group

Acquisition in 2005
The SYTEX Group, Inc.provides information technology solutions and technical support services to the U.S. Department of Defense and other federal agencies.

Stasys

Acquisition in 2005
STASYS Limited, a U.K.-based technology and consulting firm specializing in network communications and defense interoperability. Terms of the transaction were not disclosed. Serving a diverse range of international defense and civil government customers, STASYS provides highly specialized expertise in tactical data link integration, requirements management, modeling and simulation, and air traffic management consulting.

OAO Corporation

Acquisition in 2001
OAO Corporation is a provider of information technology solutions to the federal government. Employing over 2,000 professionals, the company delivers a full spectrum of information technology solutions in highly sophisticated security-sensitive environments. Revenues in 2000 were in excess of $200 million.
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