Sintavia, a maker and supplier of thermodynamic components for defense and aerospace applications, has secured a strategic investment from Lockheed Martin (NYSE: LMT).
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.
