Mach Industries announces another USD600 million in Series C funding

Mach Industries raised an additional $600 million in a continuation of its Series C financing, following the $300 million announced in June. The new investment values the company at about $3.7 billion and will support development and production of long-range strike systems, counter-UAS products, propulsion and energetics. Mach also plans to expand manufacturing and move more programmes toward full-rate production, although the private financing is separate from government procurement revenue.