Firehawk Defense Raises $150M+ Series D at Over $1.4B Valuation

Firehawk Defense announced a Series D of more than $150 million at a valuation above $1.4 billion, according to the company.

Firehawk raised the round at a valuation above $1.4 billion. The round was led by Advent and Rochefort Asset Management, according to the company.

Production scaling targets artillery and rocket motors. Firehawk says it expects its Great Plains Arsenal campus in Oklahoma to become the third-largest propellant production facility in the United States by output by the end of 2027. CEO Will Edwards says the site will produce roughly 3 million pounds of propellant a year by then. Reuters reported the site is expected to reach low-rate production in mid-2027 and then scale to tens of thousands of motors per month.

3D printing shortens manufacturing timelines. The company says its thermoplastic-based process reduces propellant production from a typical 60-day cycle to six hours. Firehawk is one of four vendors the Army selected under other-transaction agreements to build prototype Hydra-70 rockets, with each vendor delivering 24 prototype rockets.

Partnership with GD-OTS advances 155 mm output. A teaming agreement with General Dynamics Ordnance and Tactical Systems focuses on ramping production of 155 mm base-bleed motors. Reuters reported Firehawk plans to produce more than 100,000 artillery motors next year under a commercial agreement with General Dynamics, beginning with deliveries to allied nations while U.S. Army qualification proceeds over the next 12 to 18 months.

Mississippi plant has capacity for 40,000 Hydra-70 rockets. Edwards says the company's Crawford, Mississippi, facility, where it integrates Hydra-70 rockets, has capacity for 40,000 rockets and targets about 10,000 rockets per month.