The chief executive of Red 6 says the company -- which last week announced an investment from Lockheed Martin Ventures -- will benefit from Lockheed's expertise while still being able to work with other companies.
In an interview with Inside Defense this week, Daniel Robinson said the two companies "worked really collaboratively to carve out a deal that was strategically sensible and fair to both parties."
"There is a natural fit here," he said. "The nuance in getting the deal done is this technology has applicability to more platforms, more vendors."
Red 6 specializes in synthetic training and said the investment will help it accelerate the development and commercialization of its Airborne Tactical Augmented Reality System.
Robinson told Inside Defense he sees this technology helping the military balance its competing needs for training, particularly as the COVID-19 outbreak could squeeze budgets.
As Red 6 prepares to raise series A financing, Robinson said the Lockheed investment provides "a degree of credibility."
It "sends a signal out there [that] there's a credible new game in town and that this technology should be taken seriously," he said.