X-Bow Systems Closes Funding from Lockheed Martin Ventures and Company Insiders marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
X-Bow Systems has secured a $64 million contract from the Department of Defense to supply large solid rocket motors to the U.S. Navy and Army. The SRMs will boost the propulsion of the Navy's hypersonic All Up Round system, which is a component of the Navy's Conventional Prompt Strike and the Army's Long Range Hypersonic weapon systems.