RTX Ventures partners with hypersonic aircraft startup to
accelerate innovation in the aerospace and defense sectors
WALTHAM,
Mass., May 12, 2022 /PRNewswire/ -- Raytheon
Technologies (NYSE: RTX) today 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.
"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," said Daniel Ateya, managing director of RTX Ventures.
"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."
"Hypersonic aircraft will radically accelerate air travel and
enable the United States to
address critical national security challenges," said AJ Piplica,
CEO at Hermeus. "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.
About Raytheon Technologies
Raytheon
Technologies Corporation is an aerospace and defense company that
provides advanced systems and services for commercial, military and
government customers worldwide. With four industry-leading
businesses ― Collins Aerospace Systems, Pratt & Whitney,
Raytheon Intelligence & Space and Raytheon Missiles &
Defense ― the company delivers solutions that push the boundaries
in avionics, cybersecurity, directed energy, electric
propulsion, hypersonics, and quantum physics. The company, formed
in 2020 through the combination of Raytheon Company and the United
Technologies Corporation aerospace businesses, is headquartered
in Waltham,
Massachusetts.
Media contact:
Shannon N.
Booker
C:
202-209-1824
Shannon.booker@raytheon.com
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SOURCE Raytheon Technologies