Midland Development Corporation signs lease agreement with Firehawk Aerospace

FOR IMMEDIATE RELEASE

Midland Development Corporation signs a lease agreement with Firehawk Aerospace

Firehawk will use MDC-owned land outside of Midland city limits for hybrid rocket engine testing.

October 21, 2022 (Midland, Texas) – The Midland Development Corporation (MDC) has signed a lease agreement with Firehawk Aerospace that allows Firehawk to test its hybrid rocket engines in Midland. Firehawk’s engines have the efficiency and power of a liquid bi-propellant engine, but are simpler, safer, and less costly. Tests will occur on land owned by the MDC west of Midland.

Stephen Lowery, MDC Chairman, said:

“We’re thrilled to bring Firehawk Aerospace to Midland to join our growing aerospace community. Midland has a unique spirit and confidence enabling innovation and problem solving. These characteristics provide an environment for companies like Firehawk to flourish.”

Will Edwards, CEO of Firehawk, said:

“There are many reasons why Midland is a great place for Firehawk to stand up our test operations, but the most important one is the community. The city of Midland immediately embraced our mission, and we can tell they are investing the resources to turn them into the next great aerospace town!”

Firehawk’s solid-state 3D-printed fuel lowers production costs. The company has previously performed engine burn tests at NASA’s Stennis Space Center. Their Series B funding round is enabling additional testing and production, with potential uses in defense, second-stage boosters, and in-space propulsion. Firehawk’s inert fuel also holds promise for mulitpayload launches.

The Midland Development Corporation (MDC) incentivizes qualified employers who create and retain a diversified job market in Midland, Texas. MDC promotes business expansion and job creation through an established business climate and a strong community.

Press contacts:

Sara Harris

Executive Directo

Midland Development Corporation

432-686-3579

sharris@midlandtxedc.com

Will Edwards

Chief Executive Officer

Firehawk Aerospace

will@firehawkaerospace.com