Advent-backed Firehawk Defense valued at $1.4bn after $150m funding round
US defence technology startup Firehawk Defense has secured $150m in a funding round co-led by private equity firm Advent International and Rochefort Asset Management, valuing the company at more than $1.4bn, according to a report by Reuters.
Private equity firm Advent International and Rochefort Asset Management co-led a $150 million funding round for US defense technology startup Firehawk Defense, according to a Reuters report. The Dallas-based company, valued at over $1.4 billion after the investment, aims to boost US production of rocket propellants and artillery motors due to rising demand for tactical munitions.
Firehawk plans to expand manufacturing facilities in Oklahoma and Mississippi, targeting the production of more than 100,000 artillery motors by 2027 under a commercial agreement with General Dynamics. The Oklahoma facility is expected to commence low-rate production by mid-2027, eventually scaling up to tens of thousands of motors per month.
This investment exemplifies private capital firms increasing their involvement in US defense manufacturing, especially in addressing production bottlenecks, as the industry remains dominated by major contractors such as L3Harris and Northrop Grumman.
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