Lockheed Martin Invests in SintaviaJune 29, 2023
Sintavia, LLC announced that it has received a direct equity investment from Lockheed Martin Corp., with terms undisclosed. The two firms have a longstanding collaboration to expand the research of metal-additive manufacturing (AM) opportunities as an alternative to traditional design and manufacturing methods. In December 2022, the companies announced a strategic partnership to explore additional AM technology areas in connection with the AM Forward White House initiative, launched in May 2022. AM Forward is a voluntary compact aimed at strengthening U.S. supply chains by supporting U.S.-based suppliers’ adoption and deployment of AM.
Since 2019, Sintavia has been a component supplier to Lockheed Martin and currently maintains supply relationships across all four Lockheed Martin business areas. Components supplied by Sintavia support a number of key Lockheed Martin programs, including the F-35 and F-22 fighter planes. Proceeds from the investment will be used to continue to fund additional development and testing at Sintavia. Sintavia products include mechanical systems used in flight applications, such as multi-circuit heat exchangers, complex thermodynamic chassis and monolithic cooling pumps.
“This investment not only cements the relationship between Lockheed Martin and Sintavia, but also demonstrates the fact that Sintavia’s thermodynamic components—optimized through additive technology—are sought after by the largest and most substantial prime integrators within the aerospace and defense industry,” says Brian Neff, Sintavia’s founder and CEO.
See also: Sintavia LLC
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