Sintavia, a 3D printing specialist for advanced thermodynamic components in aerospace and defense applications, announced that it has received a direct equity investment from Lockheed Martin Corporation.
For years, Sintavia and Lockheed Martin have been jointly researching metal additive manufacturing capabilities. In December 2022, the companies announced a strategic partnership to explore additional AM technology areas in conjunction with the White House’s AM Forward initiative, which was launched by President Joe Biden in May 2022. AM Forward is a voluntary agreement aimed at strengthening U.S. supply chains by supporting the adoption and use of AM by U.S.-based suppliers.
“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 & defense industry,” said Brian Neff, Sintavia’s founder and CEO. “Lockheed Martin represents the very best of these, and we are honored to have their backing as we continue to grow and expand our product line.”
“Lockheed Martin’s strategic investment expands our existing joint development agreement with Sintavia announced last December,” said David Tatro, vice president for Operations Process Transformation at Lockheed Martin. “We look forward to strengthening our collaboration on the design and supply of additively manufactured parts across the defense industrial base.”
Sintavia was advised on the transaction by RBC Capital Markets, LLC and Alvarez & Diaz-Silveira LLP.
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