X-Bow: $60M Navy Deal to Modernize Rocket Facilities

Deal News | Dec 03, 2024 | Razor's Edge Ventures LLC

X-Bow: $60M Navy Deal to Modernize Rocket Facilities

X-Bow Systems has secured $60 million in contracts from the U.S. Navy to upgrade solid rocket production facilities as part of the Pentagon's effort to modernize its defense manufacturing infrastructure. The contracts will fund improvements at the Naval Surface Warfare Center Indian Head Division in Maryland using X-Bow's 3D printing technology to enhance the production of solid rocket motors and propellants. This initiative is a segment of the Navy's expansive $2.7 billion modernization strategy for its industrial base over the next 15 years. The Indian Head facility has played a crucial role in defense manufacturing since World War II. X-Bow's CEO, Jason Hundley, emphasized that the upgrades will augment production capacity to meet escalating military demands. Previously, X-Bow was selected to develop solid propulsion for hypersonic missiles and the Standard Missile program. In 2023, X-Bow signed a long-term cooperation agreement with the Naval Surface Warfare Center Indian Head Division to advance solid propellant rocket systems.

Sectors

  • Defense
  • 3D Printing and Manufacturing

Geography

  • United States – The contracts awarded by the U.S. Navy pertain to facilities and operations at the Naval Surface Warfare Center in Maryland.
  • Maryland – The modernization project will occur at the Naval Surface Warfare Center Indian Head Division, located in Maryland.

Industry

  • Defense – The article discusses contracts awarded by the U.S. Navy to upgrade rocket production facilities, which are integral to defense manufacturing.
  • 3D Printing and Manufacturing – X-Bow's utilization of 3D printing technologies in solid rocket production is a significant aspect of the contract.

Financials

  • $60 million – The total value of the contracts awarded to X-Bow Systems by the U.S. Navy.
  • $2.7 billion – The Navy's 15-year plan for industrial base modernization.

Participants

NameRoleTypeDescription
X-Bow SystemsContractorCompanyA company specializing in 3D printing technologies for solid rocket motor and propellant production, contracted by the U.S. Navy.
Razor's Edge Ventures LLCPrivate Equity FirmCompanyA private equity firm backing X-Bow Systems.
U.S. NavyCustomerGovernmentThe U.S. Navy awarded contracts to X-Bow for facility modernization.
Naval Surface Warfare Center Indian Head DivisionFacilityGovernmentThe location where the modernization of solid rocket production will take place.
Jason HundleyCEOPeopleCEO of X-Bow Systems, providing insights on the significance of the contracts.