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Lockheed Martin Expands Investment In X-Bow To Add Startup As Independent Rocket Motor Supplier

Cal Biesecker By
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Lockheed Martin Expands Investment In X-Bow To Add Startup As Independent Rocket Motor Supplier
Solid rocket motor developed by X-Bow Systems undergoing hot fire test. Photo: X-Bow

X-Bow Systems on Monday said it has received an additional investment by Lockheed Martin [LMT] that will help the startup accelerate its work to become an independent supplier of solid rocket motors (SRMs) for the aerospace and defense giant, which has billions of dollars of missiles and munitions in backlog. The investment underpins a seven-year strategic agreement negotiated between X-Bow and Lockheed Martin’s corporate development office for SRMs and other strategic services for Lockheed Martin’s existing and future programs. At…

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