Lockheed Martin Ventures, the venture capital arm of the San Diego defence contractor, has invested an undisclosed amount in US-based underwater unmanned vehicle manufacturer Ocean Aero. The move followed a technology demonstration jointly undertaken by the two companies last year and makes Lockheed Ocean Aero's second major investor after Teledyne Technologies. The investment is Lockheed's third in 2017, and the company is the latest to demonstrate an interest in the unmanned underwater vehicle sector, following Boeing's acquisition of Liquid Robotics and General Dynamics' purchase of Bluefin Robotics, both in 2016.
Lockheed Martin Ventures, the venture capital arm of the US defence contractor, has invested an undisclosed amount in San Diego-based underwater unmanned vehicle manufacturer Ocean Aero. The move followed a technology demonstration jointly undertaken by the two companies last year and makes Lockheed Ocean Aero's second major investor after Teledyne Technologies. The investment is Lockheed's third in 2017, and the company is the latest to demonstrate an interest in the unmanned underwater vehicle sector, following Boeing's acquisition of Liquid Robotics and General Dynamics' purchase of Bluefin Robotics, both in 2016.