Lockheed Martin Joins Teledyne with Ocean Aero Investment
Lockheed Martin Ventures is making a strategic investment in Ocean Aero, the developer of the Submaran unmanned maritime vehicle.
This is Lockheed Martin Ventures’ third investment this year, and it should create opportunities for both companies to grow their maritime capabilities, with a focus on multi-domain Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance (C4ISR).
Lockheed Martin Ventures is Ocean Aero’s second significant investor, joining marine instrumentation leader Teledyne Technologies, which has invested in Ocean Aero since 2014.
“Ocean Aero represents the next generation of environmentally powered, autonomous ocean systems,” said Chris Moran, executive director and general manager of Lockheed Martin Ventures. “Our investment will allow us to better respond to customers’ maritime needs with technology solutions for a diverse set of missions.”
The Submaran is a new class of unmanned underwater and surface vessel for ocean observation and data collection, powered by wind and solar energy. It can dive to depths of 660 feet to avoid surface traffic or to conduct C4ISR operations.
“We’re excited about the opportunity to grow our business and leverage the strengths of Lockheed Martin to accelerate innovation in the autonomous domain,” said Eric Patten, CEO and president of Ocean Aero.