The capital will support Hadrian’s ability to invest in manufacturing infrastructure and meet production goals across critical programs, the company said.
TORRANCE, Calif.—Advanced manufacturing company Hadrian recently closed a $360 million revolving credit facility that allows the company to further invest in advanced manufacturing infrastructure, machinery, and related hardware needed to achieve its production goals, the company said in a release.
Hadrian is focused on rebuilding America’s industrial base with highly automated factories that combine process engineering, AI, and robotics. The company’s stated mission is to “help space and defense manufacturers produce full programs at scale in the U.S., while giving American workers the tools to compete globally.”
“This facility’s closing represents a key next step in Hadrian’s growth trajectory, and underscores the institutional confidence in our strategic direction,” said Hadrian CEO and Founder Chris Power, in the release. “This financing will play a critical role in facilitating Hadrian’s build out of the industrial capacity the United States needs to remain strategically competitive, while creating thousands of high-quality jobs across the country.”
Hadrian stated in the release that the raise will directly support its continued expansion across its growing network of U.S. factories as the company scales production for defense and aerospace customers.
The company operates four facilities covering just under 3 million square feet: two in Torrance, California, and newly launched sites in Arizona and Alabama. Additional sites are in development across the country, the company said.