News Summary

• Divergent Technologies raised $290 million to expand production of missile parts and other specialized components for the military.
• The new capital will help the company expand its manufacturing facilities in Los Angeles and to break ground on a new factory in Oklahoma next year.
• The raise underscores investor appetite for startups boosting America’s domestic manufacturing capabilities as weapons demand continues to strain traditional supply chains.
• The round, which values the company at $2.3 billion, was first reported by Bloomberg and is expected to be completed by the end of the year.