Sintavia Receives Strategic Investment From Lockheed Martin Corporation; The Terms Of The Investment, Which Was Completed On June 27, 2023, Were Not Disclosed
Portfolio Pulse from Happy Mohamed
Sintavia, an additive designer and manufacturer of advanced thermodynamic components for aerospace & defense applications, has received a direct equity investment from Lockheed Martin Corporation (NYSE:LMT). The terms of the investment were not disclosed. The investment will support the continued development of Sintavia's proprietary thermodynamic designs and components. Sintavia and Lockheed Martin have a longstanding collaboration to expand the research of metal additive manufacturing opportunities.
June 28, 2023 | 12:19 pm
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Lockheed Martin Corporation has made a strategic equity investment in Sintavia. This could potentially strengthen Lockheed's position in the aerospace and defense industry by having direct access to advanced thermodynamic components.
The investment in Sintavia by Lockheed Martin indicates a strategic move to secure access to advanced thermodynamic components. This could potentially enhance Lockheed's product offerings and strengthen its position in the aerospace and defense industry. Therefore, this news is likely to have a positive impact on Lockheed's stock in the short term.
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