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The Wall Street Journal: Lockheed Martin investing in commercial chip designer

Lockheed Martin Corp. is investing in a chip designer and targeting military communications and technology for the next generation of cellphones as part of the revamp of its venture capital arm.

The world’s largest weapons maker by sales is expanding ties with commercial technology companies as Pentagon officials become more optimistic that their own outreach to Silicon Valley will continue under the incoming administration.

Lockheed LMT, -0.65% has acquired a minority stake in San Diego-based IQ-Analog Corp., its first investment since starting a $100 million fund in the summer. With the Pentagon scouting for technology that can be repurposed for military use, Lockheed said it wants to groom young firms that could become potential suppliers or even acquisition targets.

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