X-Bow Systems closes Series B at over $105M, with Lockheed Martin leading the strategic part

X-Bow Systems/Luling solid rocket motor plant

X-Bow Systems closed its Series B at over $105 million. Lockheed Martin led the strategic portion and signed an agreement to bring X-Bow in as a new independent supplier of solid rocket motors. The money goes to expanding production around a new Texas energetics campus south of Austin.

• Investors include Razor's Edge, Crosslink, Lockheed Martin, Boeing Ventures and Balerion Space Ventures.
• X-Bow says its AMSP process has gone through more than 12 iterations and can make tactical and strategic propellant grains.
• It claims integration into more than 8 solid rocket motor programs.