:

Advanced / Transformational Technology

Lockheed Martin Makes Venture Investment In Space Propulsion Company Helicity

By Cal Biesecker

Tuesday, April 2nd, 2024

SHARE:

Lockheed Martin Makes Venture Investment In Space Propulsion Company Helicity

Helicity Space's Helicity Drive. Image: Helicity Space

Helicity Space, a small startup developing fusion space propulsion and power technology, on Tuesday said it has received an investment from Lockheed Martin Ventures that will be used to advance the company’s technology. The size of the investment was not disclosed, although Lockheed Martin Ventures typically invests between $1 million and $5 million as an initial investment. Lockheed Martin Ventures is the venture arm of Lockheed Martin [LMT]. “The investment from Lockheed Martin Ventures marks a pivotal moment for Helicity…

‘Theoretical Potential’ to Achieve 1,509 Combat-Coded Fighters by 2035, USAF Says

In the latest U.S. Air Force fighter force structure report submitted to Congress, the service speaks of a “theoretical potential” to achieve a goal of 1,509 combat-coded fighters in the […]

Budget

Hegseth Pushes For Reconciliation With At Least $350 Billion For Defense ‘Regardless’ Of Midterms Outcome

Defense Secretary Pete Hegseth said Wednesday the Trump administration plans to continue its push for at least $350 billion in defense funds via the reconciliation process “regardless of what happens […]

Congress

Bipartisan Push in Senate to Hasten Export of 155 mm, GMLRS, HIMARS for Ukraine

A small, bipartisan group of senators is backing the Fast Tracking European Investment in Ukraine’s Defense Act, S. 5175, to hasten the export of allied buys of U.S. munitions for […]

Congress

Rep. Himes Signals Increased Contractor Oversight, if Democrats Win House

Rep. Jim Himes (D-Conn.), the ranking member of the House Permanent Select Committee on Intelligence, plans to increase the committee’s contractor oversight if the Democrats win control of the House […]