Mentioned:Firehawk DefenseAdvent InternationalRochefort Asset Management$150M · Other
Firehawk Defense raised over $150 million in a Series D round to scale propellant and tactical rocket motor manufacturing at its Great Plains Arsenal in Lawton, Oklahoma, and construct a new missile integration facility in Mississippi.
What's happening
- Firehawk closed an oversubscribed Series D round of $150 million-plus led by Advent International and Rochefort Asset Management.
- Capital funds expansion of the Great Plains Arsenal in Lawton, Oklahoma, for inert propellant and Hydra-70 rocket motor production.
- Firehawk will build a separate missile integration facility in Mississippi to support integrated missile system production.
Why it matters
- Hydra-70 rockets are a staple unguided rocket system for U.S. and allied helicopters and fixed-wing aircraft, and production capacity has been a supply chain constraint for years.
- New manufacturing footprint increases domestic missile production capacity at a time when Army ammunition backlog and rotary-wing modernization demand remain high.
- Private equity backing signals confidence in sustained U.S. munitions procurement and strengthens an independent supplier in the Hydra-70 and tactical missile integration space.
Financial impact
- Series D capital increases Firehawk's cash reserves and runway, extending the company's ability to invest in plant, equipment and working capital without additional rounds.
- Revenue recognition for construction and manufacturing buildout will occur as capital is deployed through fiscal 2026 and 2027; timing not disclosed.
- Ownership dilution to existing shareholders through issuance of new Series D preferred equity; dilution percentage not disclosed.
The fine print
- Round described as oversubscribed, but final capitalization table and investor participants beyond Advent and Rochefort not disclosed.
- No disclosed timeline for facility completion or production ramp, or production volume targets for Hydra-70 or integrated missile systems.
Source: Defense Daily · Oct 28, 2026 · Drafted with Claude, reviewed by Industrial Base Alpha.
