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Business/Financial

Raytheon Technologies Invests In Rocket Propulsion Company Firehawk

By Cal Biesecker

Thursday, April 28th, 2022

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Raytheon Technologies Invests In Rocket Propulsion Company Firehawk

Firehawk Aerospace's 3D printed fuel. Photo: Firehawk Aerospace

Raytheon Technologies [RTX] on Thursday said its Missiles and Defense segment has invested in Firehawk Aerospace, a startup developing and manufacturing lower cost, high-performance hybrid rocket engines. The size of the Series A investment wasn’t disclosed. Raytheon said the investment means the two companies will collaborate on research and development efforts that could result in integrating Firehawk’s technology into future missile systems. Firehawk in November 2020 closed a previous $2 million Series A funding round led by Victorum Capital Club…

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