Fortem Raises $50M in Series B Led by Lockheed Martin
Article excerpt
Highlighted: the sentence this signal was extracted from
Fortem Technologies secured $50 million in a Series B round led by Lockheed Martin to scale its SkyDome counter-drone manufacturing and global defense operations. Airspace security developer Fortem Technologies has secured $50 million in a Series B funding round to expand manufacturing and global deployment of its counter-drone systems. Defense giant Lockheed Martin led the financing with an initial $25 million tranche, joined by Unusual Machines and other strategic investors. The capital injection comes as defense installations, public venues, and commercial sites face growing threats from unauthorized unmanned aerial systems. The Federal Aviation Administration currently tracks over 837,000 registered drones across the United States, driving demand for specialized detection and interception hardware. Headquartered in Lindon, Utah, Fortem Technologies plans to utilize the funds to scale production at its primary facility. The company manufactures the SkyDome platform, an integrated counter-drone architecture designed to detect, classify, and neutralize airborne security threats. Stephanie C. Hill, President of Lockheed Martin Rotary and Mission Systems, emphasized the necessity of rapid deployment: "Our partners need counter-UAS capabilities that can move faster than the threat. They need solutions they can field quickly, scale in volume and adapt rapidly. That's why...
Keep reading with a free account
The rest of this article, and every signal for Lockheed Martin, is in your free account.
