Boeing announced its investment in Digital Alloys, Inc., a Burlington,Massachusetts-based company developing high-speed, multi-metal additive manufacturing systems that produce 3D-printed parts for aerospace and other production applications.
The $12.9 million Series B financing round announced was led by G20 Ventures. Other participants in the round include Lincoln Electric and Khosla Ventures, a prior investor. Boeing HorizonX didn’t announce how much it was putting in, but its investments are typically in the multimillion-dollar range.
Digital Alloys’ Joule Printing™ technology can combine multiple metals into each part, which enhances thermal, electrical, magnetic and mechanical properties. The process allows metals like titanium and high-temperature alloys to be 3D-printed for parts that could be used on Boeing products.
“Our investment in Digital Alloys will help Boeing produce metal structural aerospace parts faster and at higher volume than ever before,” said Brian Schettler, managing director of Boeing HorizonX Ventures. “By investing in companies with emerging additive manufacturing technologies, we aim to strengthen Boeing’s expertise and help accelerate the design and manufacture of 3D-printed parts to transform production systems and products.”
“Our novel Joule Printing process is faster, more cost-effective, and more reliable than other approaches,” said Duncan McCallum, CEO of Digital Alloys. “Partnering with Boeing will make us a smarter, stronger company. We are committed to enabling Boeing and other leading manufacturers to create valuable new products quickly and at less cost by incorporating metal 3D printing into their production.”
VARD, a subsidiary of the Fincantieri Group based in Norway, secured a contract to construct two Commissioning Service Operation Vessels…
Leonardo announced the finalization of an agreement to sell its Underwater Armaments Systems (UAS) division to Fincantieri on Thursday. “The…
General Atomics Aeronautical Systems, Inc. (GA-ASI) is partnering with Shift5 to integrate the company’s onboard cyber anomaly detection and predictive…
The Malaysian Ministry of Defence (Mindef) has finalised 40 agreements totalling RM7.3 billion, encompassing seven contracts valued at RM1.90 billion,…
Leonardo, an Italian aerospace company, and the Ministry of Defense of Malaysia (Mindef) have marked a significant milestone during the…
Turkish land systems manufacturer Otokar is displaying its Cobra II and Akrep II armoured vehicles at DSA. The Cobra II…
Systems Engineering & Assessment (SEA), a technology company based in the UK, proudly displays its advanced decoy launcher Ancilia, at…
The Czech Republic’s Excalibur Army has its debuts in the ongoing show. The company is bringing a few small scale…
Turkiye’s Secretariat of Defence Industries (Savunma Sanayii Başkanlığı-SSB), has two main objectives: modernization of Turkish Armed Forces, and establishing&developing a…
Malaysian company, Smart Weapon Storage Inntech Sdn Bhd (SWS), which has been around for 20 years, aims to extend its…
“We will continue to provide tailored solutions to our customers,” said Cem Altinisik, FNSS Corporate Communication Manager in an interview…
Tony Chegwidden, the Director of Business Development International at EDGE Group, is sharing his thoughts regarding the group’s focus and…
Boeing has advanced its manned-unmanned teaming (MUM-T) technology using a digital F/A-18 Super Hornet and MQ-25 Stingray. The testing shows…
Malaysia’s Lumut Naval Shipyard Sdn Bhd (LUNAS) inked a Memorandum of Understanding (MoU) with Indonesian shipbuilder PT PAL Indonesia at…
Prime Minister of Malaysia, Datuk Seri Anwar Ibrahim, attended the unveiling of MALVUS SENSE SDN BHD’s CW-25H, a significant development…
KNDS France which is the main provider of artillery systems for the Royal Malaysian Army and a strategic industrial partner…
The upcoming 10th edition of Indo Defence 2024 Expo & Forum, renowned as one of the foremost international defence industry…
Malaysian firm MILDEF International Technologies unveiled its new Tarantula, 4x4 High Mobility Armoured Vehicle (HMAV) at the ongoing DSA. Also…
Nurol Makina and Nadicorp (Badanbas) are showing their NMS 4X4 armoured vehicle in Royal Malaysian Army camouflage for the first…
South African defence firm Denel is presenting its portfolio of guided weapons and land defence systems at the show. “Denel…
The Malaysian armed forces are accelerating their procurements of modern military equipment in their quest to transform their combat capability.…
PT Dirgantara Indonesia (PTDI) is currently participating in the Defense Services Asia (DSA) 2024 defence exhibition, scheduled from 6th to…
The French defence company and a leader in ground mobility solutions, Arquus is showcasing its proven range of defence and…
Tell me about Cendana Auto, and the products that you're featuring here? Cendana Auto is 100% a local Malaysian company,…
Thailand’s defence land system company, Chaiseri, is bringing three of its First Win (FW) series armoured vehicles to the show.…
Turkish weapons company Roketsan is showcasing its broad range of missile equipment at the ongoing show including its new generation…
Malaysia will buy 10 AN/AAQ-33 Sniper Advanced Targeting Pods from the United States. The proposed sale will improve Malaysia’s capability…
As far as high-profile visits go, this one was right up there on the list. After speaking at the opening…
Malaysia’s Weststar Defence Industries has partnered with International Armored Group (IAG) to display the IAG Guardian Armoured Personnel Carrier (APC)…
Singapore Minister for Defence Dr Ng Eng Hen’s presence at the ongoing show and his meeting with Malaysia's Prime Minister…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.