Fortify announced that it has received a strategic investment from Lockheed Martin Ventures, the venture capital arm of Lockheed Martin Corporation. The funds will be used for process and material development in additive manufacturing of radio frequency (RF) devices.
“Lockheed Martin develops and invests in critical, breakthrough technologies to help our customer solve for what the future holds,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Lockheed Martin has been working closely with the Fortify platform, and we are excited to be on their team of investors.”
“The high-frequency communication space around RF is exploding with growth. This is not only in Aerospace, but also in commercial 5G, Satellite Communications, autonomous vehicle sensors, and IoT,” said Lawrence Ganti, Fortify CEO. “Fortify is thrilled to welcome Lockheed Martin Ventures as a strategic investor. Each of Lockheed Martin’s business areas have been adopting additive technologies for mission-critical systems at an aggressive rate. We’ve built and tested cutting-edge antenna and radar systems that are great examples of how additive can create unique value in Aerospace, Defense, and Communications.”
Fortify’s Digital Composite Manufacturing (DCM) platform enables the manufacturing of complex structures with unique mechanical, electrical, thermal, and electromagnetic properties. Business units across Lockheed Martin Corporation, including Aeronautics, Rotary and Mission Systems (RMS), Missiles and Fire Control (MFC), and Space, are engaged to leverage the Fortify platform.
“Lockheed Martin has been a great partner and is continuing to accelerate Fortify’s growth into the advanced RF and electronics applications segment,” said Josh Martin, Chief Product Officer and Co-founder at Fortify. “The ventures team and the technical fellows have been helpful in providing direct feedback on how we can effectively navigate the A&D (aerospace and defense) sector. The programs we have executed on have directly influenced our product development through specific materials qualification and functional part testing.”
Lockheed Martin Ventures joins a growing list of investors, including In-Q-Tel (IQT), the Department of Energy (DoE), Accel Partners, Cota Capital, Neotribe, Prelude Ventures, Mainspring, and OceanAzul. Meet with a Fortify team member at the Military AM show Feb. 1-2, 2023, in Tampa, FL.
Find out more about Fortify at 3dfortify.com.
For more information about Lockheed Martin, please visit lockheedmartin.com.