LOS ANGELES — Mach Industries announced a 40-foot Navy logistics-and-strike aircraft and revealed a $300 million Series C funding round at TechCrunch's StrictlyVC event in Los Angeles in June 2026. The funding round resulted in a $1.8 billion valuation for the company, which has raised approximately $485 million in total funding.

Mach Industries is currently running six weapons programs, none of which are in full-rate production. These programs include a vertical-takeoff strike aircraft, a long-range anti-ship missile, two stratospheric systems, and a surface-to-air interceptor designed to counter drones. The newly announced Navy logistics-and-strike aircraft weighs approximately 4,000 pounds and takes off near-vertically. It is designed to fly over 1,000 miles with a 1,000-pound payload.

Mach Industries' largest aircraft previously was approximately 13 feet long. The company acquired Exquadrum, a solid rocket motor company, for $50 million in May 2026. Exquadrum was 24 years old at the time of the acquisition. The company has secured approximately 13 government contracts, and most of them are currently in the testing phase on government ranges. Mach Industries plans to establish a factory soon.

Ethan Thornton, founder of Mach Industries, stated that several company systems should see operational deployment by the end of 2026. He added that his goal is to push three of the six programs into rate manufacturing by the end of 2026. Thornton mentioned the company built and fired two jet engines from scratch in about eight months, a process he said traditionally takes four years. "It's very hard," Thornton said regarding the effort. He noted that the hardest part of running the company changes every six months, moving from engineering to sales, and now to manufacturing at scale. He expects manufacturing at scale to be the primary challenge for the next year. Thornton also stated he tries to protect four or five hours a day to think and "war game the future."