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Raytheon Technologies invests in hypersonic aircraft startup Hermeus

Aerospace and defense giant  is investing in , the Georgia-based startup working to build hypersonic aircraft.

It’s the first investment for RTX Ventures, the multibillion-dollar firm’s newly established venture capital group.

“Hypersonic technologies are of critical importance to national security, which is why we made

our first investment in a company with such a bold plan and vision in this space,” Daniel Ateya, managing director of RTX Ventures, said in a statement. “Hermeus’ technical approach and business plan balances near-term defense applications with long-term commercial aspirations and will help our customers reimagine the possibilities of hypersonic technologies.”

Terms of the investment value were not disclosed; the funding is part of the Hermeus’ $100 million, Series B financing round.

Raytheon, the second largest aerospace and defense firm, becomes the first major defense contractor to partner with the U.S. Air Force-backed startup. The company’s money will go toward building Hermeus’ first aircraft, an unmanned test plane called

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