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Antares Industries Raises $96M Series B to Deploy R1 Microreactor

Antares Industries secures $96 million in Series B funding to advance the R1 microreactor production for defense and space applications by 2028.

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This article is based on an official press release from Antares Industries and verified external market data.

Antares Industries Secures $96 Million Series B to Accelerate Microreactor Deployment

Antares Industries, a defense-first nuclear engineering company, announced on December 2, 2025, that it has raised $96 million in Series B funding. The round was led by Shine Capital, with participation from Alt Capital, Caffeinated Capital, FiftyThree Stations, and Industrious. This latest injection of capital brings the company’s total funding to over $130 million, following a $30 million Series A raised in late 2024.

According to the company’s official statement, the funding consists of $71 million in equity and $25 million in debt. The capital is specifically earmarked to transition the company from design to physical production, with a focus on deploying the R1 microreactor. Antares aims to deliver resilient, portable power for defense and space applications, positioning itself as the “engineering prime of strategic energy.”

The R1 Microreactor: Technology and Design

The core of the Antares value proposition is the R1, a compact microreactor designed to operate autonomously for over three years without refueling. Unlike traditional gigawatt-scale nuclear plants intended for civilian power grids, the R1 is engineered for mobility and resilience in hostile environments.

Based on technical specifications released by the company, the R1 features a power output ranging from 100 kilowatts (kWe) to 1 megawatt (MWe). The system utilizes TRISO (Tristructural Isotropic) particle fuel, which is widely regarded in the industry for its robustness and resistance to meltdowns. The fuel consists of uranium kernels encased in layers of carbon and ceramics, providing a high degree of passive safety.

For cooling, the R1 employs sodium heat pipes. This “solid-state” cooling method eliminates the need for moving pumps, relying instead on passive physics to transfer heat. The system uses a Closed Brayton Cycle, where heated nitrogen gas spins a turbine to generate electricity. This design allows the reactor to be transported via standard logistics networks, including trucks and cargo aircraft, without requiring a water source for cooling.

Strategic Timeline and Regulatory Pathway

Antares Industries has outlined an aggressive timeline for hardware validation, leveraging recent shifts in U.S. energy policy. The company plans to conduct a “Mark-0” low-power demonstration at the Idaho National Laboratory (INL) in 2026. This test is intended to validate reactor physics and control systems.

Following the Mark-0 demo, Antares aims to construct and test the “Mark-1” prototype, a full-power, electricity-producing unit, at the same INL facility in 2027. Commercial deployment of production units is targeted for 2028.

Leveraging Executive Order 14301

A critical component of this accelerated timeline is the company’s utilization of Executive Order 14301, “Reforming Nuclear Reactor Testing at the Department of Energy,” issued in May 2025. This order allows companies to bypass the lengthy traditional Nuclear Regulatory Commission (NRC) licensing process for initial testing phases, opting instead for expedited Department of Energy (DOE) authorization.

In a statement regarding the company’s operational philosophy, Antares CEO Jordan Bramble emphasized the necessity of speed in the current geopolitical climate.

“This capital allows us to move with the speed and discipline required to deliver something America hasn’t done in a very long time: design, build, and test nuclear reactors within a few years, not decades.”

, Jordan Bramble, CEO of Antares Industries

Defense-First Market Strategy

Antares has adopted a strategy focused on securing government contracts to validate its technology before entering broader commercial markets. The company views the U.S. military as the “first moving customer” for advanced nuclear capabilities due to the strategic risks posed by energy scarcity in conflict zones.

The company is currently competing for the U.S. Army’s Project JANUS, a program designed to deploy microreactors to army bases to ensure energy resilience. Additionally, Antares has secured contracts with the Air Force, Space Force, and the Defense Innovation Unit (DIU) to power mission-critical assets such as radar systems and directed energy weapons.

Beyond terrestrial defense, Antares is aligning its technology with NASA’s Fission Surface Power goals, which aim to land a 100-kWe reactor on the Moon by 2030 to support long-term lunar operations.

AirPro News Analysis

The successful Series B raise by Antares Industries highlights a significant pivot in the nuclear sector: the move from “paper reactors” to hardware-rich development cycles. For decades, the nuclear industry has been stifled by high regulatory hurdles that forced companies to spend years on modeling before breaking ground. The utilization of Executive Order 14301 suggests that the U.S. government is actively clearing these hurdles to treat energy independence as a national security imperative.

Furthermore, the involvement of Shine Capital and other venture firms signals a growing investor appetite for “deep tech” hardware that serves dual-use purposes (defense and commercial). By targeting the Department of Defense as an anchor customer, Antares mitigates the market risk typically associated with advanced energy startups, securing revenue streams while the commercial regulatory landscape catches up.

Frequently Asked Questions

What is the primary fuel used in the Antares R1 reactor?
The R1 uses TRISO (Tristructural Isotropic) particle fuel, which is composed of uranium kernels coated in carbon and ceramic layers to prevent meltdowns and contain radioactive materials.
When does Antares expect to deploy its first commercial unit?
According to the company’s roadmap, the first production units are scheduled for deployment to customers in 2028, following testing at the Idaho National Laboratory in 2026 and 2027.
Who are the key investors in this funding round?
The Series B round was led by Shine Capital, with participation from Alt Capital, Caffeinated Capital, FiftyThree Stations, and Industrious.

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Photo Credit: Antares Industries

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Defense & Military

GE Aerospace and Shield AI Complete X-BAT Engine Test

GE Aerospace and Shield AI complete AVEN thrust-vectoring nozzle testing on the F110-GE-129E, keeping X-BAT on track for late 2026 first flight.

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GE Aerospace and Shield AI have successfully completed integration, actuation, and engine light-off testing of a multi-axis thrust-vectoring nozzle on an F110-GE-129E engine, clearing a major propulsion hurdle for the X-BAT vertical take-off and landing combat aircraft.

Announced in a July 20, 2026, press release, the testing took place at GE Aerospace’s operations site in Peebles, Ohio. The campaign represents the first fully integrated test of the Axisymmetric Vectoring Exhaust Nozzle (AVEN) hardware and control systems since its original development in the 1990s. The successful light-off keeps the X-BAT program on schedule for a planned first flight in late 2026.

Resurrecting thrust vectoring for vertical flight

The AVEN system pivots engine exhaust in three dimensions, providing the precise directional control required for the aircraft to balance on its tailpipe during vertical takeoff and landing (VTOL) maneuvers. Originally designed in the 1990s, the AVEN program accumulated 73 hours of ground testing and 135 flight hours across 95 flights on an experimental F-16 before being shelved.

Shield AI and GE Aerospace are now adapting that legacy hardware to meet the demands of modern autonomous flight. The integration requires the nozzle to execute rapid, coordinated movement sequences driven by Shield AI’s flight control software.

“The AVEN is what makes vertical flight possible on a platform this size and this capable. We’re applying it differently than it was ever used before. Vertical flight requires fast gimbaling to maintain attitude control, a demand the original program never had to meet,” said Armor Harris, Senior Vice President of Aircraft Engineering at Shield AI.

Harris noted that utilizing hardware with a proven track record allowed the engineering teams to bypass the initial stages of clean-sheet development. The next phase of the program will focus on iterating the propulsion approach to reduce weight and increase speed for future variants.

Scaling the X-BAT for contested environments

Shield AI unveiled the X-BAT in Washington, D.C., on October 21, 2025. The aircraft is designed as a Collaborative Combat Aircraft (CCA) capable of operating independently or as a drone wingman in contested airspace. By November 5, 2025, Shield AI and GE Aerospace had signed a Memorandum of Understanding to collaborate on the platform’s propulsion, selecting the F110-GE-129 engine paired with the AVEN system.

The aircraft relies on Shield AI’s Hivemind autonomy software to conduct missions without traditional runway infrastructure. According to reporting by Tectonic Defense, the X-BAT measures 26 feet in length and features a 39-foot wingspan. Naval News estimates the platform will achieve a range exceeding 2,000 nautical miles and an operational ceiling of 50,000 feet, positioning it for both austere land bases and potential naval integration.

Amy Gowder, President and CEO of Defense & Systems at GE Aerospace, stated that pairing the company’s propulsion scaling experience with Shield AI’s vehicle development allows the program to move rapidly from concept to fielded capability.

AirPro News analysis

We view the successful light-off of the AVEN-equipped F110 as a validation of Shield AI’s strategy to integrate mature subsystems rather than developing bespoke hardware. The GE Aerospace F110 engine family has accumulated 11 million flight hours. By pairing a highly reliable, mass-produced core engine with a previously flight-tested 3D vectoring nozzle, the X-BAT program significantly reduces its technical risk profile.

The primary challenge moving forward will be software integration. While the AVEN hardware is proven, the 1990s-era actuators were not designed for the continuous, high-frequency gimbaling required to stabilize a tail-sitting VTOL aircraft in turbulent conditions. Shield AI’s Hivemind system will need to manage these actuation limits carefully to prevent mechanical fatigue while maintaining attitude control during the critical transition between vertical and forward flight.

Sources: GE Aerospace

Photo Credit: GE Aerospace

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Defense & Military

Pratt Whitney Completes 3D-Printed TJ150 Turbojet Demo Test

Pratt & Whitney validates additive manufacturing for the TJ150, consolidating 50+ hot section parts into 3D-printed components.

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Pratt & Whitney has successfully completed demonstration testing of an additively manufactured TJ150 turbojet engine, a process that consolidated more than 50 individual hot section components into a small number of 3D-printed parts.

The RTX Corporation subsidiary announced the milestone on July 20, 2026, during the Farnborough International Airshow in London. The test results validate the manufacturer’s strategy to use additive manufacturing to simplify design and accelerate production for expendable military propulsion systems.

Consolidating hot section components

According to the press release, nearly 60 percent of the TJ150 engine’s volume was produced using additive manufacturing. This volume includes major static and rotating hardware. By utilizing 3D printing technologies, engineers reduced the complexity of the engine’s hot section and replaced over 50 traditional parts with a handful of consolidated components.

The TJ150 is a 150-pound thrust class turbojet designed for single-use applications.

“For expendable engines like the TJ150, where missions can last minutes or hours, simplifying the design and scaling production quickly is essential to meeting rising demand,” said Jill Albertelli, President of Military Engines at Pratt & Whitney.

Integration with cruise missiles and decoys

The successful demonstration of the 3D-printed TJ150 follows recent contract awards and integration announcements for the engine platform. On March 10, 2026, Pratt & Whitney secured a follow-on contract from Leidos Dynetics to supply TJ150 engines for the AGM-190A small cruise missile.

In a separate announcement on July 15, 2026, Raytheon confirmed plans to prioritize the TJ150 engine for the initial production of the Miniature Air-Launched Decoy (MALD). Raytheon noted that utilizing the existing engine platform keeps restart timelines short while the company explores additively manufactured engines for longer-term opportunities.

Expanding additive manufacturing applications

Pratt & Whitney plans to apply the manufacturing techniques validated during the TJ150 demonstration to other propulsion programs. Albertelli stated that additive manufacturing helps the company move designs from concept to capability faster. She confirmed that the manufacturer is leveraging the TJ150 learnings to benefit other systems, including the Pratt & Whitney Valox engine family.

AirPro News analysis

The successful test of a heavily 3D-printed TJ150 highlights a critical shift in defense aerospace manufacturing. As military operators demand higher volumes of autonomous systems, decoys, and tactical missiles, traditional supply chains for small turbine engines face significant bottlenecks. Casting and machining conventional hot-section components requires extensive tooling and long lead times. By consolidating dozens of parts into a few additively manufactured pieces, we see manufacturers directly addressing the need for rapid scalability.

Expendable engines operate for very short durations, meaning they do not require the same long-term durability as commercial or manned military turbofans. This specific operational profile makes them ideal candidates for additive manufacturing, allowing producers to prioritize production speed and cost reduction over thousands of hours of time-on-wing reliability.

Sources: RTX / Pratt & Whitney (July 20, 2026)

Photo Credit: RTX

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GE Aerospace and Magellan Sign F414 MRO MOU for Canada

GE Aerospace and Magellan Aerospace signed an MOU at Farnborough to establish a Canadian F414 engine MRO center if Canada selects the Gripen E.

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GE Aerospace and Magellan Aerospace Corporation signed a Memorandum of Understanding (MOU) on July 22, 2026, at the Farnborough International Airshow to establish a Canadian MRO center for the F414-GE-39E engine. The agreement is entirely contingent on the Government of Canada selecting the Saab JAS 39 Gripen E for its future fighter fleet.

Announced in a GE Aerospace press release, the proposed MRO work would take place at Magellan’s facility in Mississauga, Ontario. The partnership aims to position Magellan as Canada’s domestic center of excellence for F414 engine sustainment, guaranteeing sovereign support capabilities for the Royal Canadian Air Force (RCAF) if the Gripen E is acquired.

Industrial offsets and the Gripen E campaign

The MOU represents a calculated component of a broader industrial offset campaign by Saab AB and its suppliers to secure a portion of Canada’s fighter procurement contract. The Canadian government is currently reviewing its fighter jet strategy. While Ottawa previously committed to purchasing a fleet of 88 Lockheed Martin F-35A Lightning II Military-Aircraft, the government is evaluating a potential mixed fleet that could include domestically built Gripen E fighters.

To strengthen the Gripen’s bid, Saab has been securing agreements with Canadian aerospace firms to promise domestic job creation and technology transfer. This engine sustainment agreement follows a similar MOU signed on July 17, 2026, between Saab and Canadian aviation training firm CAE Inc. to cooperate on advanced fighter pilot Training.

Engine sustainment and domestic capabilities

The F414 engine family has accumulated more than 5 million flight hours globally. The new agreement builds on a 60-year working relationship between GE Aerospace and Magellan Aerospace Corporation.

Paul Ferraro, Vice President of Defense Engines & Services at GE Aerospace, stated that the agreement spans both military and commercial engines and will ensure the RCAF has in-country access to sustainment services to maintain F414 readiness.

Haydn Martin, Vice President of Business Development, Marketing, and Contracts at Magellan Aerospace Corporation, emphasized the operational benefits of the proposed partnership.

“Should the Saab JAS 39 Gripen E aircraft be selected, Magellan Aerospace will be ready to provide world-class engine maintenance, repair and overhaul services that enhance operational readiness for the Royal Canadian Air Force while maintaining highly skilled Canadian jobs, developing advanced technical expertise, and strengthening Canada’s long-term defence industrial capacity,” Martin said.

AirPro News analysis

We view this MOU as a clear signal that the competition for Canada’s fighter fleet remains highly active despite the initial F-35A selection. By lining up domestic heavyweights like Magellan and CAE, Saab is directly addressing Ottawa’s stringent Industrial and Technological Benefits (ITB) policy requirements. If the Government of Canada opts for a mixed fleet, establishing sovereign MRO capabilities for the F414 engine will be a critical factor in mitigating supply chain risks and ensuring RCAF operational independence. Until a formal procurement decision is finalized, these agreements remain strategic positioning rather than guaranteed Contracts.

Sources: GE Aerospace

Photo Credit: GE Aerospace

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