Amid an ongoing surge in protection tech investing, superior manufacturing firm Divergent Applied sciences raised $290 million to broaden manufacturing of missile elements and different specialised elements for the army.
The spherical, which values the corporate at $2.3 billion, was first reported by Bloomberg. Divergent’s prospects embody main protection primes Lockheed Martin, RTX, and Basic Dynamics.
The brand new capital, of which $40 million is debt, will assist the corporate broaden its manufacturing amenities in Los Angeles and to interrupt floor on a brand new manufacturing unit in Oklahoma subsequent 12 months. Divergent’s specialised 3D printers make as much as 600 elements, and CEO and co-founder Lukas Czinger advised Bloomberg that steel missile airframes are the corporate’s “bread and butter.”
The elevate underscores investor urge for food for startups boosting America’s home manufacturing capabilities as weapons demand continues to pressure conventional provide chains.
