{"id":766602,"date":"2023-06-28T08:03:55","date_gmt":"2023-06-28T12:03:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sintavia-receives-strategic-investment-from-lockheed-martin-corporation\/"},"modified":"2023-06-28T08:03:55","modified_gmt":"2023-06-28T12:03:55","slug":"sintavia-receives-strategic-investment-from-lockheed-martin-corporation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sintavia-receives-strategic-investment-from-lockheed-martin-corporation\/","title":{"rendered":"Sintavia Receives Strategic Investment from Lockheed Martin Corporation"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><strong>Sintavia Receives Strategic Investment from Lockheed Martin Corporation<\/strong><\/p>\n<p class=\"bwalignc\"><strong><i>Equity investment will support continued development of Sintavia\u2019s proprietary thermodynamic designs and components<\/i><\/strong><\/p>\n<p>HOLLYWOOD, Fla.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nSintavia, LLC, an additive designer and manufacturer of advanced thermodynamic components for aerospace &amp; defense applications, today announced that it had received a direct equity investment from Lockheed Martin Corporation (NYSE: LMT). Sintavia\u2019s products include some of the most advanced mechanical systems used in flight applications today, including multi-circuit heat exchangers, complex thermodynamic chassis, and monolithic cooling pumps. The terms of the investment, which was completed on June 27, 2023, were not disclosed.<\/p>\n<p>\nSintavia and Lockheed Martin have a longstanding collaboration to expand the research of metal additive manufacturing (AM) opportunities as an alternative to traditional design and manufacturing methods. In December 2022, the companies announced a strategic partnership to explore additional AM technology areas in connection with the <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.whitehouse.gov%2Fbriefing-room%2Fstatements-releases%2F2022%2F05%2F06%2Ffact-sheet-biden-administration-celebrates-launch-of-am-forward-and-calls-on-congress-to-pass-bipartisan-innovation-act%2F&amp;esheet=53431207&amp;newsitemid=20230626392155&amp;lan=en-US&amp;anchor=White+House+initiative+%26%238220%3BAM+Forward%2C%26%238221%3B&amp;index=1&amp;md5=ccc8808da845ec6b64548de3d93085aa\">White House initiative \u201cAM Forward,\u201d<\/a> launched by President Joe Biden in May 2022. AM Forward is a voluntary compact aimed at strengthening U.S. supply chains by supporting U.S.-based suppliers\u2019 adoption and deployment of AM.<\/p>\n<p>\nSince 2019, Sintavia has been a component supplier to Lockheed Martin and currently maintains supply relationships across all four Lockheed Martin business areas. Components supplied by Sintavia support a number of key Lockheed Martin programs, including the F-35 and F-22. Proceeds from the investment will be used to continue to fund additional development and testing at Sintavia.<\/p>\n<p>\n\u201cThis investment not only cements the relationship between Lockheed Martin and Sintavia, but also demonstrates the fact that Sintavia\u2019s thermodynamic components\u2014optimized through additive technology\u2014are sought after by the largest and most substantial prime integrators within the aerospace &amp; defense industry,\u201d said Brian Neff, Sintavia\u2019s founder and CEO. \u201cLockheed 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.\u201d<\/p>\n<p>\n\u201cLockheed Martin\u2019s strategic investment expands our existing joint development agreement with Sintavia announced last December,\u201d said David Tatro, vice president for Operations Process Transformation at Lockheed Martin. \u201cWe look forward to strengthening our collaboration on the design and supply of additively manufactured parts across the defense industrial base.\u201d<\/p>\n<p>\nRBC Capital Markets, LLC acted as financial advisor and Alvarez &amp; Diaz-Silveira LLP acted as legal counsel to Sintavia in connection with the transaction.<\/p>\n<p><strong>About Sintavia<\/strong><\/p>\n<p>\nSintavia designs and 3D prints the most advanced thermodynamic components across the aerospace and defense industry today. A founding member of the Additive Manufacturer Green Trade Association, Sintavia is committed to the highest quality standards in the industry and holds multiple Nadcap and other aerospace accreditations. For more information visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sintavia.com&amp;esheet=53431207&amp;newsitemid=20230626392155&amp;lan=en-US&amp;anchor=http%3A%2F%2Fwww.sintavia.com&amp;index=2&amp;md5=16d81128615967394d97f573076d1ac6\">http:\/\/www.sintavia.com<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230626392155r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230626392155\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230626392155\/en\/<\/a><\/span><\/p>\n<p><b>Sintavia, LLC Media Contact:<br \/>\n<\/b><br \/>Lindsay Lewis, Director of Corporate Strategy, +1 954-474-7800,<b \/><a rel=\"nofollow\" href=\"mailto:LLewis@sintavia.com\">LLewis@sintavia.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America Florida Maryland<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Defense Contracts Machine Tools, Metalworking &amp; Metallurgy White House\/Federal Government Defense Other Manufacturing Steel Engineering Chemicals\/Plastics Aerospace Manufacturing Public Policy\/Government<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Sintavia Receives Strategic Investment from Lockheed Martin Corporation Equity investment will support continued development of Sintavia\u2019s proprietary thermodynamic designs and components HOLLYWOOD, Fla.&#8211;(BUSINESS WIRE)&#8211; Sintavia, LLC, an additive designer and manufacturer of advanced thermodynamic components for aerospace &amp; defense applications, today announced that it had received a direct equity investment from Lockheed Martin Corporation (NYSE: LMT). Sintavia\u2019s products include some of the most advanced mechanical systems used in flight applications today, including multi-circuit heat exchangers, complex thermodynamic chassis, and monolithic cooling pumps. The terms of the investment, which was completed on June 27, 2023, were not disclosed. Sintavia and Lockheed Martin have a longstanding collaboration to expand the research of metal additive manufacturing (AM) opportunities as an alternative to traditional &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sintavia-receives-strategic-investment-from-lockheed-martin-corporation\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Sintavia Receives Strategic Investment from Lockheed Martin Corporation&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-766602","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sintavia Receives Strategic Investment from Lockheed Martin Corporation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sintavia-receives-strategic-investment-from-lockheed-martin-corporation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sintavia Receives Strategic Investment from Lockheed Martin Corporation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sintavia Receives Strategic Investment from Lockheed Martin Corporation Equity investment will support continued development of Sintavia\u2019s proprietary thermodynamic designs and components HOLLYWOOD, Fla.&#8211;(BUSINESS WIRE)&#8211; Sintavia, LLC, an additive designer and manufacturer of advanced thermodynamic components for aerospace &amp; defense applications, today announced that it had received a direct equity investment from Lockheed Martin Corporation (NYSE: LMT). Sintavia\u2019s products include some of the most advanced mechanical systems used in flight applications today, including multi-circuit heat exchangers, complex thermodynamic chassis, and monolithic cooling pumps. The terms of the investment, which was completed on June 27, 2023, were not disclosed. 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