Riyadh - Mubasher: US-based advanced manufacturing firm UNION Technologies has raised $51.30 million in financing to expand its software-driven munitions production platform.
The transaction witnessed participation from strategic investors, including Saudi Arabia’s Nadrah Trading Company, according to a press release.
Nadrah's support complements Kingdom’s Vision 2030 while boosting bilateral cooperation in industrial modernization, strategic manufacturing, and technology transfer.
Meanwhile, the funds will be used to scale UNION Technologies’ Factory-01 in Dallas and expand its robotics, energetics, and software platforms.
The facility will produce 155mm artillery shells and serve as a deployable blueprint and co-architect for allied nations seeking sovereign deterrence capabilities.
Muhammad Al Hassan, CEO of Nadrah Trading, said: "Our investment in Union Technologies is more than financial; it is a commitment to building enduring industrial and defense ties between Saudi Arabia and the US.”
Will Somerindyke, CEO of Union Technologies, added: "We engineer factories and we're also reinforcing alliances. Nadrah understands the stakes. They bring speed, clarity, and strategic alignment to a critical moment in defense manufacturing.”
