Lincoln Electric
Develops large-scale Wire Arc Additive Manufacturing (WAAM) systems and services for massive metal parts up to 8 feet tall and 3,000+ lbs.
- CEO / Founder
- Steven B. Hedlund
- Team Size
- 10000+
- Stage
- Public
- Total Funding
- Publicly Traded
- Latest Round
- IPO
- Key Investors
- U.S. Navy's Maritime Industrial Base Program, General Dynamics
Technology & Products
Key Products
World leader in the design, development, and manufacture of arc welding solutions, automated joining, assembly, and cutting systems. Also develops large-scale Wire Arc Additive Manufacturing (WAAM) systems and services for massive metal parts up to 8 feet tall and 3,000+ lbs.
Technological Advantage
Leverages 125+ years of welding expertise to produce massive steel, nickel, and bronze parts with 24/7 robotic production capacity in North America.
Differentiation
Value Proposition
Reduces lead times for large metal parts from months (casting) to weeks/days while providing superior quality and material optimization for parts up to 3,000+ lbs.
How They Differentiate
Differentiates through advanced materials science, software development, and automation engineering. Also boasts the largest production capacity for wire-based 3D metal printing in North America and a vertically integrated supply chain from proprietary wire to in-house software.
Market & Competition
Target Customers
Energy, aerospace, transportation, construction, shipbuilding, and defense organizations requiring large-scale metal components.
Industry Verticals
Energy; Aerospace; Transportation; Construction; Shipbuilding; Defense
Competitors
Miller Electric, ESAB, Atlas Copco
Growth & Milestones
Growth Metrics
Largest 3D metal printing capacity in North America; ~12,000 employees worldwide (Dec 31, 2025); 71 manufacturing & automation system integration locations in 20 countries; 26 large-format robotic WAAM systems under 24/7 operations; parts in weeks vs months for castings.
Major Milestones
1895: Founded in Cleveland by John C. Lincoln; 1995: IPO on NASDAQ (LECO); 2019: Additive Solutions launched (Baker Industries acquisition); 2023: First permanent metal AM part for U.S. Navy submarine; 2025-09: Largest government-funded AM capex via Navy MIB Program with General Dynamics Electric Boat (four SculptPrint 1500 cells, Cleveland).
Notable Customers
U.S. Navy; General Dynamics Electric Boat; Bechtel Plant Machinery, Inc.; U.S. Army Corps of Engineers (Soo Locks infrastructure repair)