Lockheed Martin

Leading defense manufacturer Lockheed Martin (LMT) revealed Wednesday a new investment in pioneering electric seaplane maker REGENT to expedite use in defense situations.

The venture capital arm of the Lockheed Martin Corporation invested in Electra, Inc.’s Series A funding round last week, giving the company’s electric short takeoff and landing (eSTOL) aircraft concept a double injection of cash, and credibility.