Hadrian raises $1.37B to expand defense manufacturing in Arizona and Alabama

Defense manufacturing startup Hadrian raised $1.37 billion in Series D funding, valuing the Pentagon supplier at $7.87 billion. JPMorgan Chase's Strategic Investment Group anchored the round, with WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures and Baillie Gifford co-leading. Hadrian will use the capital to build factories, expand research and development, and add production capacity for mission-critical systems. The company opened plants in Mesa, Arizona, and Muscle Shoals, Alabama, in the past year, reaching nearly 3 million square feet across four facilities. It plans to expand into ammunition and autonomous systems production.