Home / M&A Activity / Aerojet Rocketdyne Buys Additive Manufacturing Firm 3DMT; Eileen Drake Quoted

Aerojet Rocketdyne Buys Additive Manufacturing Firm 3DMT; Eileen Drake Quoted

Eileen Drake

Aerojet Rocketdyne (NYSE: AJRD) has purchased 3D Material Technologies from ARC Group Worldwide for an undisclosed sum in a move to expand its capabilities to develop additive manufacturing-based metal alloy components for aerospace power and propulsion systems.

“The addition of 3DMT’s capacity and expertise in metal alloy additive manufacturing expands our range of products and services in the space and defense markets,” Eileen Drake, president and CEO of Aerojet Rocketdyne, said in a statement published Friday.

Drake added the transaction allows the company to expand its use of additive manufacturing, which “will continue to play an important role in lowering costs and production timelines.”

Florida-based 3DMT provides 3D printing services for defense, aerospace, industrial and medical sector clients and will continue to operate through its Daytona Beach, Fla.-based facility with its existing employees.

Check Also

Six Teams Selected for DARPA Wearable Neural Interface Dev’t Project

The Defense Advanced Research Projects Agency has chosen six multidisciplinary teams to create wearable neural …

IT Equipment Supply Chain Risks Are a Growing Threat; Tina Kuhn Quoted

Tina Kuhn, president and chief executive officer of CyberCore Technologies, spoke about the significant vulnerabilities …