Top federal contractors betting that the government will continue to ask for high-tech innovations are putting their money into venture capital, mainly as partners on multiple-investor deals.
The 100 companies with the largest revenue from federal contracts have contributed to venture rounds amounting to more than $23 billion over the last four years, according to data compiled by Bloomberg Government and Bloomberg.
Earlier this year, Raytheon Technologies announced the launch of its venture arm, RTX Ventures, and premiered its first investment, joining the $100 million seed round for hypersonic aerospace firm Hermeus Inc.
“A key differentiator for us is our ...
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