What Happened
US Defense Giant Expands European Presence with New London Office
Lockheed Martin Ventures, the strategic investment arm of the US-based defense giant, is expanding its reach into European markets with plans to invest $100 million in defense companies across the continent. The move follows a significant boost in available funds, with the company’s global investments doubling from $400 million to $1 billion in April. A new office in London will support the growth of European investments, with a focus on emerging technologies like quantum computing, autonomy, and advanced manufacturing. According to Chris Moran, vice president and general manager of Lockheed Martin’s venture arm, the UK, Germany, and the Netherlands are high on the leaderboard in terms of generating business opportunities. This development was first reported by Breaking Defense.