Key facts
- Firehawk Defense was valued at over $1.4 billion in a new financing round.
- The company raised $150 million in the round.
- Advent International and Rochefort Asset Management co-led the financing round.
- Donald Trump Jr.-backed 1789 Capital is a previous investor.
Defense startup Firehawk Defense, which has ties to Donald Trump Jr., announced on Wednesday that it was valued at over $1.4 billion following a $150 million financing round. The round was co-led by private equity firm Advent International and Kyle Bass's Rochefort Asset Management. Previous investors include 1789 Capital, a venture capital firm backed by Donald Trump Jr. The company aims to address shortages in tactical munitions by leveraging a continuous thermoplastic process for faster production of artillery motors and rocket propellant.