HawkEye 360
and Lockheed Martin Corporation sign Strategic Cooperative
Agreement
HERNDON,
Va., Oct. 18, 2023 /PRNewswire/
-- HawkEye 360 Inc., the
world's leading defense technology company for space-based radio
frequency (RF) data and analytics, announced today the second and
final close of the company's Series D-1 funding round with an
additional $10 million, bringing the
total Series D-1 to $68 million.
Investors for the second close included Lockheed Martin Ventures,
the venture arm of Lockheed Martin Corporation (NYSE: LMT), and
company insiders. As part of this investment, HawkEye 360 and Lockheed Martin Corporation
have signed a strategic cooperative agreement to further the
development of end-to-end remote sensing solutions for government
and commercial customers, with a particular focus on delivering
sophisticated RF intelligence systems globally.
"We are thrilled to join forces with Lockheed Martin, a company
with an unparalleled legacy in aerospace and defense," said
HawkEye 360 CEO John Serafini. "As the premier commercial
provider of RF geospatial intelligence, HawkEye 360 continues to innovate in response
to the increasing global demand for our cutting-edge technologies.
Lockheed Martin's leadership as a system integrator and their
signal processing capability will expand what HawkEye 360 can accomplish as we work together
to make the world a safer and more secure place."
"At Lockheed Martin, we see synergies between our programmatic
analytical expertise and HawkEye
360's commercial RF data generating constellation," said
Chris Moran, vice president and
general manager at Lockheed Martin Ventures. "HawkEye 360 has the potential to apply highly
tailored RF solutions to fit our customers' mission."
The funding will be used to develop new space systems and expand
analytics that support high-value defense missions. HawkEye 360 currently has 21 satellites in
orbit and plans to move to a new Block 3 satellite architecture
starting with Cluster 14. The company is also investing further in
artificial intelligence, data fusion, and multi-intelligence
orchestration to better extract value from the large amount of RF
data being collected. The goal is to address the increasing demand
for tactically relevant RF intelligence.
The initial $58 million in Series
D-1 funding, which was announced in July
2023, was led by funds and accounts managed by BlackRock
with additional funding provided by Manhattan Venture Partners and
existing investors including Insight Partners, NightDragon,
Strategic Development Fund (SDF), Razor's Edge, Alumni Ventures,
and Adage Capital.
About HawkEye 360
HawkEye 360 is a defense
technology leader providing global knowledge of human activity and
trends derived from revolutionary radio frequency (RF) geospatial
intelligence. The company's innovative space-based technology was
developed to detect, characterize, and geolocate a broad range of
RF signals. These RF data and analytics provide an information
advantage allowing analysts to detect the first glimpse of
suspicious behavior, trace the first sign of adversarial activity,
reveal the first sighting of ships attempting to vanish, and
improve situational awareness across all domains. HawkEye 360's RF intelligence provides timely
insights on critical events and patterns of life, enabling early
warnings to drive effective tip and-cue activities that ensure
leaders have the intelligence needed to make decisions with
confidence. HawkEye 360 is
headquartered in Herndon,
Virginia.
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SOURCE HawkEye 360