“The addition of 3DMT’s capacity and expertise in metal alloy additive manufacturing expands our range of products and services in the space and defense markets,” said Aerojet Rocketdyne Holdings, Inc. CEO and President Eileen Drake. “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.”
In their recent press release announcing the acquisition, Aerojet Rocketdyne announces that the recently acquired 3DMT will still continue work at their 28,000 square ft. facility in Daytona Beach, and with their existing workforce too. Currently, Aerojet Rocketdyne is headquartered in El Segundo, California, but is also operating at 14 different sites in the US with 650 team members in their West Palm Beach, Florida headquarters and Orlando, combined. Along with manufacturing 3D printing and additive manufacturing technology and creating defense products and systems, Aerojet Rocketdyne also owns a real-estate firm that deals with leasing and sales of their own substantial assets.
Exact terms of the deal between the two companies was not disclosed further.
In the past few years especially, Aerojet Rocketdyne has been heavily engaged in 3D printing and additive manufacturing endeavors, with many high-profile, innovative projects where their engineers have 3D printed engine components, completed groundbreaking 3D printing projects for NASA, and even set critical industry standards for 3D printing rocket engines. What do you think of this news? Let us know your thoughts! Join the discussion of this and other 3D printing topics at 3DPrintBoard.com.
[Source: Aerojet Rocketdyne Holdings, Inc.]