Lockheed Martin invests in AM software firm nTopology

News
June 11, 2018

June 11, 2018

 

Lockheed Martin, Bethesda, Maryland, USA, has added $100 million to its venture capital fund – nearly double the original figure. The company also revealed its recent investments in early-stage companies in the field of autonomy and advanced manufacturing.

As part of its latest wave of investments, Lockheed Martin has expanded its relationship with nTopology, New York City, New York, USA, a software company and the creator of Element, an advanced CAD software which offers generative, function-based design for engineering, including Additive Manufacturing.

“Our investment in nTopology will bring strategic advantages in Lockheed Martin’s computational design processes and help shorten the periods between the design and manufacturing phase,” stated Chris Moran, Vice President and General Manager of Lockheed Martin Ventures.

“Our focus is on finding and investing in companies developing cutting-edge technologies that will grow our business and disrupt our industry,” he continued. “We’re developing long-term strategic partnerships with companies and helping them navigate through the early stages of product development while leveraging our decades of experience working with government customers.”

The reported increase in the venture fund is part of $460 million that Lockheed Martin is investing as a result of tax reform savings. Additional investments planned by the company include:

  • $200 million additional investments in capital expenditures and research and development in 2018
  • $100 million in employee training and educational opportunities over the next five years
  • $50 million investment in science, technology, engineering and math (STEM) education enrichment, including the establishment of a new Lockheed Martin STEM Scholarship Fund
  • $10 million for the launch of the Lockheed Martin Innovation Prize competition

www.lockheedmartin.com

www.ntopology.com

News
June 11, 2018

In the latest issue of Metal AM magazine

Download PDF
 

Extensive AM industry news coverage, as well as the following exclusive deep-dive articles:

  • Metal powders in Additive Manufacturing: An exploration of sustainable production, usage and recycling
  • Inside Wayland Additive: How innovation in electron beam PBF is opening new markets for AM
  • An end-to-end production case study: Leveraging data-driven machine learning and autonomous process control in AM
  • Consolidation, competition, and the cost of certification: Insight from New York’s AM Strategies 2024
  • Scandium’s impact on the Additive Manufacturing of aluminium alloys
  • AM for medical implants: An analysis of the impact of powder reuse in Powder Bed Fusion

The world of metal AM to your inbox

Don't miss any new issue of Metal AM magazine, and get the latest industry news. Sign up to our twice weekly newsletter.

Sign up

Discover our magazine archive…

The free to access Metal Additive Manufacturing magazine archive offers unparalleled insight into the world of metal Additive Manufacturing from a commercial and technological perspective through:

  • Reports on visits to leading metal AM part manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

Browse the archive

Looking for AM machines, metal powders or part manufacturing services?

Discover suppliers of these and more in our comprehensive advertisers’ index and buyer’s guide, available in the back of Metal AM magazine.

  • AM machines
  • Process monitoring & calibration
  • Heat treatment & sintering
  • HIP systems & services
  • Pre- & post-processing technology
  • Powders, powder production and analysis
  • Part manufacturers
  • Consulting, training & market data
View online
Share via
Copy link
Powered by Social Snap