Amidst the ongoing bounce in Defense Tech Investment, Advanced Manufacturing Company Divisional Technologies raised $ 290 million to expand the production of missile parts and other special components.
Round, which gives importance to the company in $ 2.3 billion, was earlier Reported by BloombergCustomers of the divegrant include the major defense prime lockheed Martin, RTX and General Dynamics.
The new capital, of which $ 40 million is loan, will help the company expand its manufacturing facilities in Los Angeles and break the ground at a new factory in Oklahoma next year. The special 3D printers of the divert make up to 600 parts, and CEO and co-founder Lucas Cajinger told Bloomberg that the metal missile is the “bread and butter” of the airframe company.
The US reduces investors’ hunger for startups to promote domestic manufacturing capabilities as arms demand continues to continue traditional supply chains.
