BETHESDA, Md., June 21, 2016 /PRNewswire/ -- Lockheed
Martin (NYSE: LMT) has appointed J.
Christopher Moran to fill the newly-created role of
executive director and general manager of Lockheed Martin Ventures,
effective today.
In this role, Moran will oversee all facets of the Corporation's
venture capital fund including strategy creation, pipeline
development and management, transaction execution and investment
tracking and reporting. Lockheed Martin Ventures is chartered to
make strategic investments in promising, privately-held
companies. It invests in technology innovations that could
drive growth in existing, adjacent and new markets for Lockheed
Martin.
"Chris' deep technology background will elevate our capital
deployment strategies and focus our investments in companies that
are developing cutting edge technologies that complement our
existing innovation efforts," said Greg
Psihas, vice president of Corporate Development. "With his
guidance, we will work with other leading investors to identify,
make and manage financially attractive investments that support
Lockheed Martin's strategic objectives. Our investments will
typically range from $1 million to $5
million early in the funding process and focus on companies
creating disruptive technologies that advance our core
capabilities."
Moran has a strong background in engineering and technology
having spent the last 35 years in Silicon Valley working in senior
executive roles at Applied Materials including eight years as
general manager of Applied Ventures, and in earlier roles at Atari
and Hughes Aircraft. Moran holds both a bachelor's degree and
master's degree in mechanical engineering from Massachusetts Institute of Technology.
Lockheed Martin Venture's involvement with companies may include
taking a leadership role, through board or observer seats,
providing access to Lockheed Martin's engineering staff,
technologies and research, or facilitating access to the company's
global business relationships and supply chain.
"Strategic investing is not new to Lockheed Martin as we have
provided funding to early stage companies for the past several
years," said Psihas. "The corporation has invested more than
$100 million over the last nine years
in 22 venture stage companies, including companies spun out of
university research programs as well as out of Lockheed
Martin."
Company proposals can be submitted for consideration at
lockheedmartin.com/ventures.
About Lockheed Martin
Headquartered in Bethesda,
Maryland, Lockheed Martin is a global security and aerospace
company that employs approximately 125,000 people worldwide and is
principally engaged in the research, design, development,
manufacture, integration and sustainment of advanced technology
systems, products and services.
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SOURCE Lockheed Martin