Amid an ongoing surge in defense tech investing, advanced manufacturing company Divergent Technologies raised $290 million to expand production of missile parts and other specialized components for the military.

The round, which values the company at $2.3 billion, was first reported by Bloomberg . Divergent’s customers include major defense primes Lockheed Martin, RTX, and General Dynamics.

The new capital, of which $40 million is debt, will help the company expand its manufacturing facilities in Los Angeles and to break ground on a new factory in Oklahoma next year. Divergent’s specialized 3D printers make up to 600 parts, and CEO and co-founder Lukas Czinger told Bloomberg that metal missile airframes are the company’s “bread and butter.”

The raise underscores investor appetite for

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