Amid an ongoing surge in defense tech investing, advanced manufacturing company Divergent Technologies has raised $290 million to expand production of missile parts and other specialized components for the military. This funding round values the company at $2.3 billion.
Divergent’s customers include major defense primes such as 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 break ground on a new factory in Oklahoma next year.
The company utilizes specialized 3D printers that can produce up to 600 different parts. Metal missile airframes are described as the company’s primary product. This significant raise highlights the strong investor appetite for startups that are boosting America’s domestic manufacturing capabilities, especially as weapons demand continues to strain traditional supply chains.