Investments
184Portfolio Exits
15Partners & Customers
10Latest U.S. Navy News
Jun 30, 2022
- American Rheinmetall Munitions awarded contract with U.S. Navy to develop 30mm x173 airburst munition. - Rheinmetall’s solution enhances existing and future Naval Gun Weapon Systems against current and emerging threats. - This award demonstrates a growing commitment to develop innovative solutions for all branches of the U.S. Armed Forces. Rheinmetall to develop a new medium caliber ammunition for the U.S. Navy: The Group’s subsidiary American Rheinmetall Munitions, Inc. based in Stafford, VA has been awarded a $14.3 million (€13.5 million) contract under a U.S. Navy other transaction agreement (OTA) to prototype a low-cost engagement capability that increases the effectiveness of existing and future Naval gun weapon systems against air and surface threats. The resulting prototype system will lead to an Initial Operating Capability for the 30mm x 173 MK 340 MOD 0 Kinetic Energy Electronically Timed (KEET) airburst munition. The MK 340 KEET is derived from the NATO-qualified Rheinmetall 30mm x 173 Kinetic Energy Timed Fuze (KETF) cartridge currently fielded by the Australian, German, and Hungarian militaries. The system will provide significant lethality improvements and a reduction in rounds fired due to the increased first-round hit probability. “We are excited to deliver our next-generation lethality solutions to the U.S. Navy for the first time. This award further demonstrates American Rheinmetall’s ability to bring innovative technologies into the hands of our U.S. Joint Force,” said American Rheinmetall Munitions CEO John Somich. The company is presently expanding its role as a major supplier of innovative, next-generation weapons and ammunition in the U.S., drawing on a global portfolio of world-class munitions and armaments offered by Rheinmetall and its affiliates. For example, American Rheinmetall Munitions is currently producing game-changing solutions including 40mm airburst fuzing for the U.S. Army and the PGU-48/B Frangible Armor Piercing cartridge for the U.S. Air Force F35A Joint Strike Fighter. The company has been producing and supplying high-performance practice and direct fire service ammunition for American military and law enforcement customers for several decades. American Rheinmetall Munitions is part of the American Rheinmetall family of U.S. defense companies which includes American Rheinmetall Systems in Biddeford, ME, American Rheinmetall Vehicles in Sterling Heights, MI, and U.S. corporate parent American Rheinmetall Defense in Reston, VA. Anlagen
U.S. Navy Investments
184 Investments
U.S. Navy has made 184 investments. Their latest investment was in Charles River Analytics as part of their Grant - XXXII on May 5, 2022.
U.S. Navy Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
5/2/2022 | Grant - XXXII | Charles River Analytics | $1M | Yes | 1 | |
3/16/2022 | Grant | Wave Motion | $1.3M | Yes | 1 | |
9/1/2021 | Grant | Skydweller Aero | $5M | Yes | 7 | |
12/9/2020 | Grant - XXIII | |||||
12/1/2020 | Grant |
Date | 5/2/2022 | 3/16/2022 | 9/1/2021 | 12/9/2020 | 12/1/2020 |
---|---|---|---|---|---|
Round | Grant - XXXII | Grant | Grant | Grant - XXIII | Grant |
Company | Charles River Analytics | Wave Motion | Skydweller Aero | ||
Amount | $1M | $1.3M | $5M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 1 | 7 |
U.S. Navy Portfolio Exits
15 Portfolio Exits
U.S. Navy has 15 portfolio exits. Their latest portfolio exit was Mosaic Materials on April 21, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
4/21/2022 | Acquired | 1 | |||
6/1/2021 | Acquired | 3 | |||
12/15/2020 | Acquired | 3 | |||
Date | 4/21/2022 | 6/1/2021 | 12/15/2020 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 3 | 3 |
U.S. Navy Partners & Customers
10 Partners and customers
U.S. Navy has 10 strategic partners and customers. U.S. Navy recently partnered with The Timken Company on June 6, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/20/2022 | Vendor | United States | 1 | ||
6/16/2022 | Vendor | United States | 1 | ||
6/9/2022 | Vendor | United States | 1 | ||
6/9/2022 | Vendor | ||||
5/19/2022 | Vendor |
Date | 6/20/2022 | 6/16/2022 | 6/9/2022 | 6/9/2022 | 5/19/2022 |
---|---|---|---|---|---|
Type | Vendor | Vendor | Vendor | Vendor | Vendor |
Business Partner | |||||
Country | United States | United States | United States | ||
News Snippet | |||||
Sources | 1 | 1 | 1 |
U.S. Navy Team
16 Team Members
U.S. Navy has 16 team members, including current Chief Executive Officer, Mike Mansfield.
Name | Work History | Title | Status |
---|---|---|---|
Mike Mansfield | Cargill, and Koch Supply and Trading | Chief Executive Officer | Current |
Thereasa Black | Chief Executive Officer | Former | |
Forrest Faison | Chief Executive Officer, Chief Operating Officer, Chief Information Officer | Former | |
Robert Wray | President | Former | |
Robert O. Wray | President | Former |
Name | Mike Mansfield | Thereasa Black | Forrest Faison | Robert Wray | Robert O. Wray |
---|---|---|---|---|---|
Work History | Cargill, and Koch Supply and Trading | ||||
Title | Chief Executive Officer | Chief Executive Officer | Chief Executive Officer, Chief Operating Officer, Chief Information Officer | President | President |
Status | Current | Former | Former | Former | Former |
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