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X-Bow Systems, a New Mexico-based defense technology company specializing in solid rocket motors and other defense and space platforms, has closed a Series B funding round, raising $105 million. Lockheed Martin, the world's largest defense contractor by revenue, led the latest tranche of this funding round and is increasing its investment in X-Bow Systems. The collaboration between Lockheed Martin and X-Bow aims to fast-track X-Bow as a solid-rocket motor supplier. Lockheed Martin is known for its cautious approach to partnerships, indicating a strong commitment to this collaboration. Separately, Vatn Systems, a company that develops self-driving underwater vehicles for the U.S. military and allies, recently opened a new facility and announced a new product.
🚀 Lockheed Martin, the world’s largest defense contractor by revenue, is fast-tracking X-Bow Systems as a solid-rocket motor supplier. The former “does not enter these agreements lightly, is what we understand.” @axios https://t.co/plGK5dgifU
Daily Hard Tech Headlines: - X-Bow Systems, the New Mexico-based defense tech company developing solid rocket motors and other defense and space platforms, has closed its Series B round, raising $105 million. Lockheed Martin led the latest tranche of the round. - @vatnsystems, https://t.co/BoJiYbAZvt
Vatn Systems, a company that builds self-driving underwater vehicles for the U.S. military and its allies, opened its new facility and announced its newest product on Monday. Story: https://t.co/bTxankfWtA https://t.co/3FcgpR6VrC
