Divergent raises $290M to expand production of specialized military parts

In a significant move within the defense technology sector, Divergent Technologies has successfully raised $290 million to boost its production capabilities for military components, including missile parts. This funding round values the advanced manufacturing firm at an impressive $2.3 billion, as reported by Bloomberg. Divergent's clientele includes prominent defense contractors such as Lockheed Martin, RTX, and General Dynamics. The newly acquired funds, which include $40 million in debt, will be allocated to expanding the company's manufacturing facilities located in Los Angeles and initiating the construction of a new factory in Oklahoma next year. The firm specializes in advanced 3D printing technology, capable of producing up to 600 parts, with CEO and co-founder Lukas Czinger emphasizing that metal missile airframes are central to their operations. This funding round highlights the increasing interest from investors in startups that are enhancing the United States' domestic manufacturing capabilities, particularly as the demand for weapons continues to challenge conventional supply chains.