Aerojet Rocketdyne acquires 3DMT from ARC Group
April 3, 2019
Aerojet Rocketdyne Holdings, Inc., headquartered in El Segundo, California, USA, has acquired 3D Material Technologies (3DMT) from ARC Group Worldwide, Inc. 3DMT, based in Daytona Beach, Florida, is a provider of Additive Manufacturing services to the aerospace, defence, medical and industrial markets. Terms of the deal were not disclosed.
The acquisition is said to complement Aerojet Rocketdyne’s industry-leading capabilities to develop and produce metal Additive Manufacturing parts for aerospace propulsion and power systems. Aerojet Rocketdyne has qualified production parts for the RL10 and RS-25 liquid rocket engines and sees growth opportunities for these complex, high-value systems. Additionally, the company’s defence business unit continues to develop and demonstrate the benefits of Additive Manufacturing for its hypersonic 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 defence markets,” stated Eileen Drake, CEO and President of Aerojet Rocketdyne Holdings, Inc. “As we look to the future, Additive Manufacturing will continue to play an important role in lowering costs and production timelines. This deal allows Aerojet Rocketdyne to broaden its application of this revolutionary technology. We respect the long-standing reputation for quality and customer focus that 3DMT has built in the aerospace industry and we are thrilled to welcome them to our company.”
Aerojet Rocketdyne has more than 5,000 employees at fourteen sites around the USA, including approximately 650 employees at its facilities in West Palm Beach and Orlando, Florida. 3DMT will continue to operate with its existing workforce at its 2600 m2 (28,000 ft2) facility located in Daytona Beach, Florida.