Lockheed Martin

OEM : Aerospace

Website | Video

Bethesda, Maryland, United States

NYSE: LMT

Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 114,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services.

Assembly Line

CloudNC raises $45m to deliver autonomous manufacturing

Date:

Topics: Funding Event

Organizations: CloudNC, Autodesk, Lockheed Martin, Atomico

CloudNC, the company developing advanced software that enables factories to autonomously manufacture precision parts, today announced it has raised $45 million in a Series B round led by Autodesk, with Lockheed Martin and British Patient Capital participating alongside returning investors Atomico and Episode 1 Ventures. The company will use the additional capital to further develop its SaaS offering and roll out at-scale through integrations with CAD/CAM packages such as Autodesk’s platforms, and to expand its unique full-stack manufacturing capability in Essex, United Kingdom.

CloudNC’s technology already provides a significant degree of autonomy. A user can upload a 3D model of any part and, with one click, the software autonomously determines the tools needed, how they will be used and drafts the code to tell a CNC machine how to make it. This software assistance allows factories to be more efficient while upskilling the workforce, since more junior employees are able to operate the machines.

Read more at PR Newswire

Aerospace, Defense and Industry 4.0

Date:

Author: Jim Camillo

Topics: IIoT

Vertical: Aerospace, Defense

Organizations: BAE Systems, NASA, Lockheed Martin, Northrop Grumman, Boeing, Airbus, Fraunhofer IIF

“Designing for manufacturability, modeling the production environment, and then producing our products with a minimum of duplicated effort—this can give us the breakthroughs in speed and affordability that the A&D environment needs in a time of limited budgets and rapidly changing threats,” explains Daughters. “These technologies are an essential component to our ‘digital thread’ across the product life cycle. They give us the ability to simulate tradeoffs between capability, manufacturability, complexity, materials and cost before transitioning to the physical world.”

“In a nutshell, I4.0 involves leveraging technology to better serve the world,” says Matt Medley, industry director for A&D manufacturing at IFS, a multinational enterprise software company. “More than just collecting and processing mounds of data via sensors and the Industrial Internet of Things (IIoT), I4.0 is turning data into actionable intelligence to not only drive efficiency and grow profits, but to also help companies be good stewards of our natural resources and local communities. Aerospace and defense companies whose enterprise software can keep pace with developments like additive manufacturing, AI, digital twins, and virtual and augmented reality (V/AR) are the ones that will thrive in an increasingly digital 4.0 era.”

Read more at Assembly