RTX Ventures’ investment will support the build out of an autonomous Mach 5 jet called Quarterhorse. [Courtesy: Hermeus]
Key Takeaways:
Hermeus, a startup developing hypersonic aircraft, has received an investment from Raytheon's corporate venture group, RTX Ventures, as part of its $100 million Series B funding round.
The investment will accelerate the development of Hermeus's Mach 5 autonomous aircraft, Quarterhorse and Darkhorse, which are designed for both defense applications and future commercial use.
Hypersonic technologies are considered critical for national security, with increasing Pentagon investment, and hold the potential to revolutionize air travel by drastically reducing flight times.
Atlanta-based startup Hermeus has a new partner in its efforts to develop hypersonic jets for military and civilian use: Raytheon (NYSE: RTX).
The aerospace and defense giant’s corporate venture capital group RTX Ventures announced Thursday it has made an unspecified investment in Hermeus to support building an autonomous Mach 5 aircraft dubbed Quarterhorse.
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Thom is a former senior editor for FLYING. Previously, his freelance reporting appeared in aviation industry magazines. Thom also spent three decades as a TV and digital journalist at CNN’s bureaus in Washington and Atlanta, eventually specializing in aviation. He has reported from air shows in Oshkosh, Farnborough and Paris. Follow Thom on Twitter @thompatterson.
