# Press Release: DoD Accelerator $6M Series A in Baxter Aerospace

**Type:** source
**Status:** Useful
**Confidence:** Medium
**Source Type:** Press Release
**URL:** https://www.businesswire.com/news/home/20250724456980/en/The-DoD-Accelerator-Managed-by-Accuidity-Capital-Management-Announces-a-%246-Million-Series-A-Investment-in-Baxter-Aerospace
**Publisher:** Forge Global Holdings / Accuidity Capital Management (via Business Wire)
**Accessed:** 2026-06-18
**Updated:** 2026-06-18

## Summary

A July 24, 2025 Business Wire release announces a $6M Series A investment in Baxter Aerospace by the DoD Accelerator fund managed by Accuidity Capital Management — described as the fund's inaugural defense-sector investment.

## Useful Claims

- Baxter Aerospace is a St. George, Utah advanced-manufacturing and aerospace system integrator focused on real-time sensing and resilient communications for defense, intelligence, and emergency-response customers; led by president Michael Baxter.
- Products: the BA-1 Dragonfly, a Group 3 VTOL UAS with thrust vectoring, modular payloads, and 12+ hours of endurance for persistent ISR and data relay; and Deployable Communications Kits using LEO-network terminals for austere operations.
- The company was founded after the 2017 Eagle Creek Fire; funds are earmarked for production scale-up of both product lines and expansion of field operations.

## Reliability Notes

This is an investor/company press release distributed via Business Wire — a lead, not neutral evidence. It is reliable for the fact and size of the round, the investor, and product descriptions, but performance claims (endurance, "revenue-generating," "punching above their weight") are promotional. Customer names, contract values, fielded quantities, and headcount are not provided. Corroborated by secondary coverage (FinSMEs, Pulse 2.0, utah.vc) but those largely restate the release.

## Related Pages

- [Baxter Aerospace](baxter-aerospace.md)