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Raytheon’s venture capital arm makes big bet on commercial hypersonic plane startup

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Concept art of the Quarterhorse aircraft, planned to be built by Corporation. (Hermeus)

WASHINGTON: Raytheon Technologies’ new arm announced its first-ever investment today, pledging financial support for Hermeus Corporation, a Georgia-based startup company that is endeavoring to build a remotely-piloted hypersonic passenger plane.

The funding provided by ’s RTX Ventures will bolster Hermeus as its builds its first hypersonic aircraft known as “Quarterhorse,” a reusable plane that will be able to fly at five times the speed of sound. Raytheon did not disclose the value of the investment, except to say that it was joining Hermeus’ previously announced $100 million Series B financing round.

“Hypersonic technologies are of critical importance to national security, which is why we made our first investment in a company with

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