Capital
Firehawk raises more than $150 million to expand rocket propulsion production
The Series D will support manufacturing expansion in Oklahoma and Mississippi, with the Lawton propellant plant expected to commission in early 2027.
Firehawk Defense raised more than $150 million in a Series D co-led by Rochefort Asset Management and Advent International, Rochefort announced Oct. 29. The Dallas company produces solid rocket motor propellant and Hydra-70 rocket motors and is developing 155mm artillery base bleed motors.1
Firehawk's Series D will support propulsion manufacturing expansion
Financing and expected Lawton output, announced Oct. 29, 2026
Rochefort said the Lawton plant is expected to commission in early 2027. Series D proceeds will support continued build-out at Lawton and Crawford.
Source: Rochefort Asset Management release. As of Oct. 29, 2026.
Rochefort said the proceeds will fund continued expansion of Firehawk's Lawton, Oklahoma, production facility and Crawford, Mississippi, missile integration facility, and accelerate production for U.S. and allied customers. Firehawk Chief Executive Officer Will Edwards described the financing as a transition from proving the company's technology to producing it at scale.1
The investment follows a senior secured loan Rochefort provided in April 2026.1 Defense One reported that the round valued Firehawk at more than $1.4 billion.2
Firehawk holds a U.S. Air Force solid rocket motor development contract. Rochefort reported that Firehawk completed a Hydra-70 live-fire test in August 2026 following a U.S. Army Other Transaction Authority award. The announcement gave no dollar values or unit quantities for either agreement.1
A teaming arrangement with General Dynamics Ordnance and Tactical Systems positions Firehawk to supply base bleed motors for international demand, with a parallel path to U.S. qualification, Rochefort said.1
The financing supports facilities at different stages: Crawford is operational and integrating Hydra-70 rockets, while Rochefort said the Lawton propellant plant is expected to commission in early 2027. The plant is expected to produce 740,000 pounds of thermoplastic propellant annually, with installed capacity scalable to more than 3.1 million pounds.1
Sources (2)
- Rochefort Asset Management release, PR Newswire, Oct. 29, 2026 www.prnewswire.com
- Defense Business Brief, Defense One, Oct. 29, 2026 www.defenseone.com