situation report
FIRESTORM IN THE NEWS
Brett Barbee, vice president of business development for defense company Firestorm, was in attendance informing people about the company’s Tempest 50 uncrewed autonomous system. The small aircraft, which weighs less than 55 pounds, is entirely 3-D printed in a matter of hours. They can then have a fully operational platform in 36 hours.
With $12.5M in new funding, Firestorm Labs plans to accelerate its 3D printing technology for unmanned aerial systems.
Firestorm Labs secures funding to expand its team and production capabilities for unmanned aerial systems.
The company's new funding round, led by Lockheed Martin Ventures, will support its rapid drone production capabilities.
Firestorm will use this new capital to further scale out its workforce and production resources, the company said Thursday.
Firestorm has already won a range of the U.S Department of Defense contracts both for its modular UAS and the xCell manufacturing product line. This new capital will enable Firestorm to scale its team and production to meet growing demands for its products.
The U.S. Airforce’s use of xCell will revolutionize DoD’s reliance on traditional manufacturing processes that disable the real time production and replenishment of capabilities critical to detering adversaries.
