Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel

Raytheon Technologies venture capital group invests in Hermeus to accelerate air travel

Published: 13-05-2022 11:29:00 | By: Pie Kamau | hits: 308 | Tags:

Raytheon Technologies announced a strategic investment in Hermeus Corporation, a company developing hypersonic aircraft for defense and commercial applications, through its newly established corporate venture capital group, RTX Ventures.

Joining Hermeus' previously announced $100 million Series B financing round, RTX Ventures' investment in the company will directly support the buildout of its first aircraft, Quarterhorse, and accelerate development of its next aircraft, Darkhorse.

RTX Ventures makes strategic investments in early-stage companies, accelerating the development of transformational aerospace and defense technologies. Beyond just making investments, RTX Ventures leverages the strengths of the broader Raytheon Technologies organization to support successful growth in its portfolio companies.

Daniel Ateya, Managing Director, RTX Ventures: "Hypersonic technologies are of critical importance to national security, which is why we made our first investment in a company with such a bold plan and vision in this space. Hermeus' technical approach and business plan balances near-term defense applications with long-term commercial aspirations and will help our customers reimagine the possibilities of hypersonic technologies."

AJ Piplica, CEO, Hermeus: "Hypersonic aircraft will radically accelerate air travel and enable the United States to address critical national security challenges. Speed is our lifeblood at Hermeus, and I've been impressed with the ability of the team at RTX Ventures to embody that virtue. We look forward to expanding collaboration and continued acceleration of our vision for a faster future." 

RTX Ventures focuses on supporting companies developing technologies that are strategically aligned to the Raytheon Technologies portfolio, with an emphasis on four broad priority areas: secure and connected ecosystems, autonomy and artificial intelligence technologies, power and propulsion systems, and precision sensing and effects.

www.rtx.com

 

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