Defense Tech Signals · Capital vs. Contracts Open-source analysis · public data only Data as of Nov 8, 2026 · obligations refresh every other Monday
NatSec100 #8

Forterra

Recipient: ROBOTIC RESEARCH OPCO, LLC · UEI VNUQN3KJKPV4

About $2.79 raised for every $1 obligated. 63% of it came through Other Transactions (OTs).

Capital raised
$600.0M
Excludes $50.0M debt and credit
Federal obligations, FY2020–FY2026
$215.4M
Raised per $1 obligated
2.8×
Latest valuation
$1.0B
Series C, Nov 2025 (>$1B)

Obligations by fiscal year

$M
5.9 FY20 4.4 FY21 0.9 FY22 5.8 FY23 55.5 FY24 134.6 FY25 8.2 FY26

Prime contracts Other Transactions Subawards

Contract mix

Prime contracts
$13.1M
Other Transactions
$136.0M
Subawards
$66.3M

Notes

Funding
Equity only; excludes $50M debt
Obligations
Recorded as Robotic Research OpCo; announced $114M Army award not fully visible

Cite this: Defense Tech Signals, "Capital vs. Contracts: Forterra," data as of 2026-11-08, https://data.defensetechsignals.com/c/forterra/.

Coverage: prime contracts, IDVs and grants (USAspending), direct Other Transactions (FPDS) and subawards received, FY2020–FY2026. Not included: consortium OTs, FY 2027 so far, loans and classified work. Capital raised: Compiled from announcements and press (Oct 2026). Obligations last refreshed 11/5/2026.