Ottawa’s Equispheres receives $5 million investment from Lockheed Martin
Investment will help Equispheres grow its workforce and forward AM material research.
Ottawa-based Equispheres received a $5 million investment from Lockheed Martin, allowing the materials science company to expand its operations. According to the company, theinvestment will allow Equispheres to grow from an existing workforce of 20 to more than 200 employees over the next five years.
Equispheres specializes in the manufacture of highly uniform and spherical aluminum metal powders used in additive manufacturing and cold spray depositiontechnologies. Along with the workforce expansion, the Lockheed Martin investment will enable Equispheres to produce powders of higher strength material such as inconel, steels and cobalt chrome, the company says.
Lockheed Martin’s investment is in direct support of the ITB obligations associated with Canada’s purchase of 17 CC-130J Super Hercules aircraft, which were delivered to the Royal Canadian Air Force in 2010. Lockheed Martin also delivers continued In-Service Support for the CC-130J fleet.