Florida-based Sintavia said Wednesday it will use the equity investment to further advance the development and testing of its thermodynamic designs and components used in multicircuit heat exchangers, monolithic cooling pumps and other flight applications.
In December, Lockheed and Sintavia partnered to study the use of metal additive manufacturing in several technology areas. The strategic partnership supports the White House’s AM Forward initiative.
Brian Neff, founder and CEO of Sintavia, said the Lockheed investment will enable the company to expand and grow its product line.
Sintavia supplies components for Lockheed’s aircraft programs, including the F-35 and F-22 fighter jets.
RBC Capital Markets and Alvarez & Diaz-Silveira respectively served as financial adviser and legal counsel to Sintavia in the transaction.
The Defense Health Agency awarded a combined $8.07 billion in contracts to Humana Government Business, Evernorth Federal Services and Ipsos Public Affairs…
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
