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Business/Financial

Anduril Raises $1.5 Billion For Gigafactory To ‘Hyperscale’ Defense Manufacturing

By Cal Biesecker

Thursday, August 8th, 2024

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Anduril Raises $1.5 Billion For Gigafactory To ‘Hyperscale’ Defense Manufacturing

Anduril Industries' Dive-LD autonomous underwater vehicle. Photo: Anduril

Preparing the road ahead to be able to produce massive quantities of autonomous systems and weapons by leveraging a new software-defined manufacturing platform that relies heavily on commercial suppliers, Anduril industries plans to build a new facility to “rebuild the arsenal of democracy,” the company said on Thursday. The build of its five million-plus square foot Arsenal-1 factory that will lean on a manufacturing platform Anduril also calls Arsenal is supported by a $1.5 billion funding round the company raised…

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Congress

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Congress

HASC’s $1.15 Trillion FY ‘27 Draft NDAA Doesn’t Shift Items Over From Reconciliation Request

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Budget

DoD’s Equity Stake In L3Harris Rocket Motor Business Comes At Expense Of Other Suppliers, HASC Warns

A draft defense bill released by the House Armed Services Committee (HASC) on Tuesday says the committee is “concerned” with the Defense Department’s $1 billion equity investment this year in […]