Firehawk Defense Secures $150M in Series D Funding

Firehawk Defense, a Dallas, TX-based provider of energetics and propulsion solutions, has raised $150 million in a Series D funding round led by Advent and Rochefort Asset Management, valuing the company at over $1.4 billion.

The company will use the funds to expand its propulsion manufacturing facilities in Lawton, Oklahoma, and Crawford, Mississippi. It also plans to increase production, develop additional research and development sites, and expand its workforce.

What is Firehawk Defense?

Firehawk Defense develops propulsion systems, propellants, and energetic materials used in defense applications. Its products include artillery motors, solid rocket motors, rocket-assisted projectiles, and other propulsion solutions.

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The company has developed a patented propellant manufacturing process that replaces traditional batch mixing, casting, and curing with a thermoplastic process. While conventional methods can take weeks, Firehawk's process produces energetic feedstock in hours.

The feedstock can be stored or shaped into application-specific propellant grains using compression molding, extrusion, or 3D printing. According to the company, this approach reduces lengthy curing cycles and batch-reliability issues while supporting faster, and more flexible production.

How Much Funding Has Firehawk Defense Raised?

Firehawk Defense has raised $150 million in its Series D funding round.

The company's valuation following the investment exceeds $1.4 billion.

Who Invested in Firehawk Defense’s Series D?

The latest funding round was led by Advent and Rochefort Asset Management. The company did not disclose any other participating investors in the announcement.

Why the Funding Matters

Firehawk Defense plans to use the capital to increase manufacturing capacity at its Oklahoma and Mississippi facilities. The funding will also support higher production of artillery motors, solid rocket motors, energetics, and propellant.

In addition, the company intends to establish more research and development sites and expand its workforce to support its manufacturing and technology development plans.

Who founded Firehawk Defense?

Firehawk Defense was founded by Will Edwards and is headquartered in Dallas, Texas. The company also operates propulsion manufacturing facilities in Lawton, Oklahoma, and Crawford, Mississippi.

“This financing lets us turn a manufacturing breakthrough into production capacity the warfighter can count on,” said Will Edwards, CEO and Founder of Firehawk. “It funds the next phase of production at volume.

“Deterrence is not a talking point, it depends on whether America can build and replenish the weapons systems it needs, at the speed the moment demands,” said Kyle Bass, Founder and Co-Chief Executive Officer of Rochefort Asset Management.

Market and Business Growth

Firehawk Defense is expanding its manufacturing capabilities to meet demand for propulsion systems and energetic materials used in defense applications.

In May 2026, General Dynamics Ordnance and Tactical Systems (GD-OTS) signed a teaming agreement with Firehawk to accelerate development and production of 155mm base-bleed motors designed to extend artillery range. The agreement combines Firehawk's thermoplastic propellant and compression-molding technology with GD-OTS's metal-parts production, and munitions-integration expertise.

What Happens Next?

Firehawk Defense plans to expand its manufacturing facilities, increase production capacity, develop additional research and development sites, and hire more employees.

The company is also working to scale its thermoplastic propellant manufacturing process and advance its collaboration with GD-OTS on 155mm base bleed motors.

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