Mach Industries wins Navy strike drone contract, closes $300M Series C
Mach Industries won a DIU contract to build the Navy's runway-independent strike aircraft while closing a $300M Series C at $1.8B valuation, signaling venture capital's bet on autonomous weapons manufacturing reaching scale.
Mach breaks the SRM duopoly with $300M and an acquisition
Mach Industries acquires solid rocket motor maker Exquadrum and raises $300M Series C, ending a 30-year two-supplier monopoly that has starved U.S. launch and defense programs of propulsion capacity.