Raytheon Missiles & Defense to work with Firehawk Aerospace on hybrid rocket propulsion technologies

Rhea-AI Summary

Raytheon Missiles & Defense, a Raytheon Technologies business, has completed a Series A investment in Firehawk Aerospace, focusing on high-performance propulsion technology. The collaboration aims to integrate Firehawk's advanced propulsion systems into future missile systems over the coming years. Firehawk holds several patents in hybrid propulsion technologies, which are expected to enhance defense capabilities against advanced threats. This partnership signifies a strategic move to innovate missile technology, crucial for meeting evolving military challenges.

Positive

• Completion of Series A investment in Firehawk Aerospace, indicating strategic growth.
• Collaboration on advanced propulsion technology to enhance missile systems.
• Access to Firehawk's patented hybrid propulsion technology, potentially improving defense capabilities.

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• None.

TUCSON, Ariz., April 28, 2022 /PRNewswire/ -- Raytheon Missiles & Defense, a Raytheon Technologies (NYSE: RTX) business, has completed a Series A investment in Firehawk Aerospace, a company that specializes in high-performance propulsion technology. The two companies will now collaborate on research and development projects that explore the integration of Firehawk's technology into future missile systems.

"Advanced propulsion technology is critical to developing next-generation missile solutions," said Wes Kremer, president of Raytheon Missiles & Defense. "Over the next several years, our companies will work together to identify projects that evolve Firehawk's technology for use in defense applications."

Firehawk has several patents related to hybrid propulsion, various rocket propellants, and manufacturing methods.

"Our custom-made rocket engines use hybrid propulsion systems rather than conventional solids," said Will Edwards, co-founder and chief executive officer of Firehawk. "Applying these technologies to defense solutions will open up new capabilities against advanced threats."

About Raytheon Technologies
Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

Media Contact
Heather Uberuaga
rmdpr@rtx.com

 

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SOURCE Raytheon Technologies

FAQ

What is the significance of Raytheon's investment in Firehawk Aerospace?

Raytheon's investment signifies a commitment to advancing missile technology through collaboration with Firehawk Aerospace, focusing on hybrid propulsion systems.

What technologies will be developed through the Raytheon and Firehawk partnership?

The partnership will explore integrating Firehawk's advanced propulsion technology into future missile systems.

What kind of propulsion technology does Firehawk Aerospace specialize in?

Firehawk Aerospace specializes in hybrid propulsion technology, which uses a combination of rocket propellants for improved performance.

When was the investment in Firehawk Aerospace announced?

The investment was announced on April 28, 2022.

What is the stock symbol for Raytheon Technologies?

The stock symbol for Raytheon Technologies is RTX.