"Amid an ongoing surge in defense tech investing, advanced manufacturing company Divergent Technologies raised $290 million to expand production of missile parts and other specialized components for the military. The round, which values the company at $2.3 billion, was first reported by Bloomberg. Divergent's customers include major defense primes Lockheed Martin, RTX, and General Dynamics."
"Divergent's customers include major defense primes Lockheed Martin, RTX, and General Dynamics. The new capital, of which $40 million is debt, will help the company expand its manufacturing facilities in Los Angeles and to break ground on a new factory in Oklahoma next year. Divergent's specialized 3D printers make up to 600 parts, and CEO and co-founder Lukas Czinger told Bloomberg that metal missile airframes are the company's "bread and butter.""
Divergent Technologies raised $290 million, including $40 million in debt, in a funding round that values the company at $2.3 billion. The capital will expand manufacturing facilities in Los Angeles and fund groundbreaking of a new factory in Oklahoma next year. Customers include major defense primes Lockheed Martin, RTX, and General Dynamics. The company’s specialized 3D printers can produce up to 600 parts, with metal missile airframes identified as a primary product. The funding surge reflects investor interest in boosting domestic manufacturing capacity as weapons demand strains traditional supply chains and increases demand for specialized components.
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