Space News Hubb
Advertisement Banner
  • Home
  • Space & Astronomy
  • Space Technology
  • Contact
No Result
View All Result
  • Home
  • Space & Astronomy
  • Space Technology
  • Contact
No Result
View All Result
Space
No Result
View All Result
Home Space & Astronomy

Frontier collects $10 million from AEI HorizonX

admin by admin
March 22, 2023
in Space & Astronomy


ALTA, Utah — Frontier Aerospace raised $10 million in Series A funding from AEI HorizonX, the venture capital fund formed by AE Industrial Parters and Boeing.

“This latest funding round will accelerate Frontier’s engine development activities, support major expansion of manufacturing and vacuum test facilities,” Frontier Aerospace president Jim McKinnon said in a statement. “In the past, test facility availability has been by far the largest schedule driver. With this new investment, a modern test facility will be fully developed for rapid implementation supporting major upcoming development programs.”

Space propulsion startup Frontier Aerospace, a successor to Frontier Engineering, was founded in Simi Valley, California, in 2014. In 2021, AE Industrial Partners subsidiary American Pacific Corp. announced a multimillion-dollar investment in Frontier Aerospace. The terms of the deal were not disclosed.

Frontier is providing thrusters for the Astrobotic Peregrine and Griffin Lunar Landers. In addition, Frontier is developing and testing “a range of thrust classes for NASA and government primes, for missions ranging from deep space exploration to commercial space and defense,” according to the March 21 news release.

“We are proud to support Frontier in its next stage of development as it grows to meet the strong demand from NASA, commercial aerospace and defense companies for state-of-the-art propulsion solutions,” Brian Schettler, who leads AEI HorizonX. “AEI HorizonX looks forward to partnering with the Frontier team to take advantage of the new opportunities created by increased investments and innovation in the new space economy.”

Boeing’s corporate venture capital arm, AEI HorizonX, was established in 2017. Private equity firm AE Industrial Partners manages AEI HorizonX, which has $5 billion in assets under management. AEI HorizonX focuses primarily on aerospace, defense and government services, space, power and utility services, and specialty industrial markets.

Related



Source link

Previous Post

GMV partnership to bring revolutionary precise positioning services to Australia and New Zealand

Next Post

Amateur astronomers needed: help classify stars with Gaia’s data

Next Post

Amateur astronomers needed: help classify stars with Gaia's data

Recommended

January 23 Zoom with “Meteorite Man” and former NSS President Geoffrey Notkin

5 months ago

The National Space Society Congratulates NASA on the Success of Artemis I

5 months ago
space

© Space News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Space & Astronomy
  • Space Technology
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Space & Astronomy
  • Space Technology
  • Contact

© 2022 Space News Hubb All rights reserved.