Anduril Industries is an American defense technology company founded in 2017 by Oculus creator Palmer Luckey with Palantir veterans Brian Schimpf (CEO), Trae Stephens, Matt Grimm, and Joe Chen. Its core thesis is to build software-defined, mass-producible autonomous weapons around Lattice, an AI command-and-control platform that fuses sensor data and orchestrates fleets of unmanned systems. Its hardware spans every domain: the Fury (FQ-44A) collaborative combat aircraft, Ghost and Bolt drones, Altius loitering munitions, Roadrunner reusable jet interceptors, Barracuda cruise missiles, Ghost Shark autonomous submarines, and the EagleEye mixed-reality soldier headset built with Meta. By July 2026 Anduril holds prime positions on several of the Pentagon's most-watched programs: in June 2026 the Air Force ordered its FQ-44A into production alongside General Atomics' FQ-42A, targeting at least 150 CCAs by the end of the decade; it took over Microsoft's $22B IVAS soldier-headset program in 2025 (now SBMC); it won a 10-year, $20B Army enterprise agreement for Lattice-based counter-drone command and control in March 2026; and it leads an industry team prototyping Golden Dome space-based interceptors. International business is scaling too, led by Australia's A$1.7B Ghost Shark program and completed Altius-600M deliveries to Taiwan. Manufacturing is anchored by Arsenal-1, a $1B, 5-million-square-foot Ohio factory that began building Fury in March 2026, months ahead of schedule, and is slated to add Roadrunner, Barracuda, and a classified platform by year-end. Revenue roughly doubled in 2025 to $2.2B, and the company raised a $5B Series H at a $61B valuation in May 2026, bringing total funding above $11B. With around 7,000 employees, Anduril is the most richly valued private defense-tech company; CEO Brian Schimpf said in July 2026 the company is in no rush to IPO.
AI-powered command-and-control software platform that fuses data from thousands of sensors and autonomous systems into a single operational picture, letting small teams direct large fleets of machines. Lattice underpins nearly every Anduril product and is increasingly sold as infrastructure in its own right — it is the software backbone of the Army's SBMC soldier systems and the tactical C2 layer for national counter-drone defense.
Deployed across US and allied programs; designated tactical counter-UAS C2 under the Army's 2026 enterprise agreement
Army enterprise agreement$20B ceiling over 10 years (first task order $87M)
Border deployment290+ Lattice-connected Sentry towers on the US-Mexico border (2023)
Jet-powered, semi-autonomous Collaborative Combat Aircraft designed to fly as a robotic wingman alongside F-35s, F-22s, and the F-47. Fury flew 556 days after clean-sheet design start and in June 2026 was ordered into production by the Air Force — the first combat jet produced by a defense startup — with a target price near $30M, about a third of an F-35.
First flight October 31, 2025; production began at Arsenal-1 in March 2026; EMD/production contract awarded June 17, 2026
First flightOctober 31, 2025 (semi-autonomous)
Increment 1 fleetAt least 150 CCAs (with GA's FQ-42A) by end of decade, ~$30M per aircraft target
Production capacityUp to 150 aircraft/year at Arsenal-1 at full three-shift capacity
Twin-turbojet, vertical take-off-and-landing autonomous interceptor that flies at high subsonic speed to defeat drones and cruise-missile-class threats. The Roadrunner-M variant carries a high-explosive warhead but can land and be reused at near-zero cost if a kill isn't needed — an economics-first answer to the drone threat.
Fielded with US forces; Arsenal-1 production line slated to come online by end of 2026
UnveiledDecember 2023, after under two years from concept to fieldable system
Cost exchangeIntercepts threats up to 100x more expensive; recoverable and reusable if not detonated
Family of low-cost, air-breathing autonomous cruise missiles (Barracuda-100/250/500) designed for mass production with commercial components — Anduril's answer to America's munitions-capacity problem. Ranges span roughly 160 to 800 km depending on variant, with air, ground, and sea launch options.
In flight testing; production at Arsenal-1 slated to begin by end of 2026
Range~160–800 km depending on variant
Production planArsenal-1 line producing Barracuda by end of 2026
Extra-large autonomous undersea vehicle co-developed with the Royal Australian Navy for stealthy, long-range intelligence, surveillance, and strike missions; its commercial baseline is the Dive-XL. After delivering three prototypes ahead of schedule, Anduril won a A$1.7B program of record in September 2025, opened a purpose-built Sydney factory, and delivered the first production boat in November 2025.
Low-rate initial production underway in Sydney; full-scale production ramping in 2026 with fleet deliveries over five years
Program valueA$1.7B (~US$1.1B) Royal Australian Navy program of record (Sep 2025)
First deliveryFirst production Ghost Shark delivered to RAN in November 2025, ahead of schedule
What's Next
First live weapons shot from the Fury CCA
Anduril has begun integrating weapons on the YFQ-44A and its engineering SVP says the company will 'execute our first live shot next year' (stated November 2025, i.e. in 2026). A successful weapons employment would be a major de-risking step as the FQ-44A enters production — watch for a test at Edwards AFB or a range event tied to the Nellis Experimental Operations Unit.
Q4 2026
Arsenal-1 adds Roadrunner, Barracuda, and a classified platform to production
Fury production started in March 2026, and Anduril says the Ohio mega-factory will also be producing Roadrunner, Barracuda, and an unannounced classified platform by the end of 2026. Whether the promised automotive-style production rates materialize is the key test of Anduril's entire manufacturing thesis.
Q4 2026
CCA Increment 1 autonomy down-select and software IOC
Alongside the June 2026 production award, the Air Force gave Anduril, Shield AI, and Collins Aerospace six-month mission-autonomy contracts, with a down-select to one or two vendors and initial operating capability for the CCA autonomy software targeted for summer 2027. Winning the software layer as well as the airframe would make Anduril the program's dominant player.
Mid-2027
First scaled delivery of SBMC headsets to the Army
Under its $159M September 2025 SBMC award, Anduril's first 'scaled delivery' of the Meta-partnered EagleEye-based soldier system is slated for 2027. Watch Army field-test results closely — a July 2026 GAO report on legacy IVAS underscores how much scrutiny this program carries after Microsoft's stumbles.
2027
Golden Dome space-based interceptor demonstration
Anduril leads one of 12 teams (with Impulse Space, K2 Space, Voyager, and Sandia) under Space Force OTA awards worth up to $3.2B, tasked with demonstrating a space-based interceptor capability by 2028. This is Anduril's first major move into space hardware and a marquee piece of the administration's missile-defense shield.
Archer and Anduril unveil dual-use autonomous VTOL aircraft
Archer Aviation and defense company Anduril unveiled a jointly developed autonomous hybrid-electric tiltrotor aircraft at Farnborough on July 20, offered in a commercial variant Archer calls Halo and a defense variant Anduril calls Thunder that share a common architecture. The series hybrid-electric design takes off vertically and transitions to wing-borne cruise, with Anduril saying Thunder is built to cruise above 200 knots and range thousands of nautical miles as an autonomous 'loyal wingman' flying alongside crewed aircraft. First flight is targeted for 2027.
Anduril, Pentagon sign framework deal for air-launched Barracuda-500
Anduril Industries and the U.S. Department of War signed a framework agreement on July 15 to scale production of the air-launched Barracuda-500, a low-cost, software-defined stand-off strike munition. The two-phase deal is intended to lead to procurement of thousands of the missiles per year over roughly seven years, with initial deliveries beginning in 2027. Barracuda production is expected to shift to Arsenal-1, Anduril's roughly $1 billion, 5-million-square-foot factory in Pickaway County, Ohio, later this year.
Operations & Revenue
StatusScaling into a prime contractor
Anduril is in its heaviest scaling phase yet: revenue doubled to $2.2B in 2025, headcount is around 7,000, and the $1B Arsenal-1 factory in Ohio came online in March 2026 with Fury production starting months ahead of schedule — Roadrunner, Barracuda, and a classified platform are slated to join the line by end of 2026. In June 2026 the Air Force ordered its FQ-44A into production, making Anduril one of two CCA primes, while the $22B IVAS/SBMC headset program, a $20B Army C2 enterprise agreement, and Golden Dome interceptor prototyping anchor a multi-domain contract base. International operations are growing through the Australian Ghost Shark program of record, completed Taiwan Altius-600M deliveries, and a production alliance with UAE's EDGE Group. CEO Brian Schimpf said in July 2026 the company is 'not in any rush' to IPO, calling hype-cycle valuations 'crazy high.'
Revenue Streams
US DoD weapons and aircraft programs
Production and development contracts for autonomous hardware: the FQ-44A Fury CCA production award (June 2026), Roadrunner-M interceptors, Barracuda cruise missiles, Altius loitering munitions, and counter-drone systems including the ~$1B SOCOM systems-integration IDIQ.
Lattice software and command-and-control
Licensing and integration of the Lattice AI C2 platform across programs — the 10-year, $20B Army enterprise agreement (2026), the SBMC-Architecture software backbone, and Air Force ABMS/JADC2 work.
Soldier-borne systems (IVAS/SBMC and EagleEye)
The up-to-$22B Army mixed-reality headset program assumed from Microsoft in 2025, including the $159M SBMC prototype award (September 2025) and the Meta-partnered EagleEye headset family, with first scaled delivery slated for 2027.
Border and base security
Autonomous Sentry surveillance towers for US Customs and Border Protection (a program of record with 290+ towers deployed) and perimeter-security deployments including a renewed UK Home Office contract.
International and allied sales
Growing overseas business: Australia's A$1.7B Ghost Shark fleet program, the completed $300M-class Altius-600M foreign military sale to Taiwan (291 munitions, deliveries finished March 2026), UK and Dutch MoD work, and a production alliance with UAE's EDGE Group.
Key Metrics
Employees
~7,000 (as of 2026)
Est. Annual Revenue
$2.2B (2025, roughly doubled from ~$1B in 2024)
Valuation
$61B (May 2026 Series H)
Revenue (2025)
$2.2B, roughly doubled year over year
Total capital raised
$11B+ across all rounds
Employees
~7,000 (2026)
IVAS/SBMC program ceiling
$22B Army contract (~120,000 headsets) assumed from Microsoft in 2025
Army enterprise agreement ceiling
$20B over 10 years (2026–2036) for Lattice C2 and counter-drone capabilities
Arsenal-1 factory
$1B investment, 5M sq ft in Ohio; Fury line capable of 150 aircraft/year at full capacity
Ghost Shark program (Australia)
A$1.7B (~US$1.1B) Royal Australian Navy program of record, fleet delivered over five years
Timeline
2026Fury production begins at Arsenal-1 ahead of schedule
Anduril starts building Fury at its Ohio mega-factory in March 2026, months earlier than the planned July start. The line can produce up to 150 aircraft per year at full three-shift capacity, with Roadrunner, Barracuda, and a classified platform to follow by year-end.
2026Army signs 10-year, $20B enterprise agreement
The Army awards Anduril a $20B ceiling enterprise vehicle (March 14, 2026, running to 2036) consolidating Lattice command-and-control software, hardware, and data infrastructure. The first $87M task order makes Lattice the tactical C2 backbone for Joint Interagency Task Force 401's counter-drone mission.
2026Picked to prototype Golden Dome space-based interceptors
The Space Force names Anduril among 12 companies sharing OTA agreements worth up to $3.2B to prototype space-based interceptors for the Golden Dome missile-defense shield, with demonstrations targeted by 2028. Anduril leads a team including Impulse Space, K2 Space, Voyager Technologies, and Sandia National Laboratories.
2026Air Force orders FQ-44A into production
On June 17, 2026 the Air Force awards Anduril and General Atomics engineering, manufacturing development, and production contracts for the first operational Collaborative Combat Aircraft — at least 150 jets combined by the end of the decade, at a target price near $30M each. The award came four months ahead of schedule.
2026Pentagon framework deal to scale Barracuda-500 production
On July 15, 2026 Anduril and the Department of War sign a framework agreement to hyper-scale production of the air-launched Barracuda-500, a low-cost, software-defined stand-off strike munition. The two-phase deal is meant to lead to procurement of thousands of missiles per year over roughly seven years, with initial deliveries in 2027; Barracuda output is slated to move to the Arsenal-1 factory in Ohio later in the year.
2026Unveils Thunder autonomous VTOL with Archer at Farnborough
On July 20, 2026 at the Farnborough International Airshow, Anduril and Archer Aviation unveiled a jointly-developed autonomous, series hybrid-electric tilt-rotor VTOL platform. Anduril's defense variant, 'Thunder' — a Group 5 autonomous attack rotorcraft — is designed as a pilotless 'loyal wingman' to fly in formation with crewed helicopters such as the AH-64 Apache and MV-75, cruising above 200 knots with a range of thousands of nautical miles; Archer's commercial variant is called 'Halo.' The companies said they have flown multiple test flights with full-scale surrogate aircraft, with first flight of the production Thunder planned for 2027.
2025Arsenal-1 mega-factory announced in Ohio
Anduril announces a $1B, 5-million-square-foot 'hyperscale' weapons factory at Rickenbacker International Airport near Columbus, Ohio, expected to create over 4,000 jobs. Arsenal-1 is designed to mass-produce autonomous systems the way automakers build cars.
2025Takes over $22B Army IVAS headset program; partners with Meta
Microsoft hands Anduril its troubled $22B IVAS contract for ~120,000 Army mixed-reality headsets (announced February, novation approved April 10). In May, Anduril and Meta announce a partnership on military XR devices, reuniting Luckey with the company that fired him — yielding the EagleEye headset family unveiled at AUSA in October.
2025YFQ-44A Fury flies for the first time
Anduril's CCA prototype makes its semi-autonomous maiden flight on October 31, 2025 in California — 556 days from clean-sheet design to first flight. The aircraft executed its mission plan and managed flight controls on its own, with an operator directing the landing.
2025Australia awards A$1.7B Ghost Shark program; first boat delivered
The Royal Australian Navy signs a A$1.7B (~US$1.1B) program of record for a fleet of Ghost Shark extra-large autonomous submarines to be delivered over five years. Anduril opens a Sydney factory in October and delivers the first production Ghost Shark in November, ahead of schedule.
2024Wins CCA down-select over Boeing, Lockheed, Northrop
The Air Force picks Anduril and General Atomics to build and fly Collaborative Combat Aircraft prototypes for Increment 1, eliminating Boeing, Lockheed Martin, and Northrop Grumman. Anduril's entry becomes the YFQ-44A Fury — a startup designing a combat jet alongside the industry's biggest primes.
2023Roadrunner reusable interceptor unveiled
Anduril reveals Roadrunner and Roadrunner-M, twin-turbojet VTOL aircraft that can intercept drones and missiles and — if not expended — land and be refueled for reuse. The company says it went from napkin sketch to fieldable system in under two years.
2022SOCOM picks Anduril for ~$1B counter-drone integration
US Special Operations Command selects Anduril from 12 bidders as its counter-unmanned-systems systems-integration partner under an IDIQ worth roughly $1B running to 2032. It is the company's largest contract to date and cements its counter-drone franchise.
2020Joins Air Force ABMS with up-to-$950M IDIQ
The Air Force adds Anduril to the Advanced Battle Management System effort with an indefinite-delivery contract worth up to $950M, an early validation of Lattice as military 'internet of things' infrastructure for Joint All-Domain Command and Control.
2018Sentry towers deployed on the US-Mexico border
Anduril's first product, the autonomous Sentry surveillance tower running Lattice, is piloted with US Customs and Border Protection. CBP later makes the system a program of record, and over 290 towers are deployed along the southern border by 2023.
2017Founded in Orange County
Palmer Luckey — recently ousted from Facebook after founding Oculus — starts Anduril with Palantir alumni Brian Schimpf, Trae Stephens, Matt Grimm, and Joe Chen. The company sets out to bring Silicon Valley product velocity to defense, betting on autonomous systems and software over exquisite manned platforms.
Funding
Cumulative disclosed raise · dated rounds
Round
Date
Amount
Investors
Source
Series B
Sep 2019
$120M at $1B+ valuation
Founders Fund, General Catalyst, Andreessen Horowitz
Series C
Jul 2020
$200M at ~$2B valuation
Andreessen Horowitz, Founders Fund
Series D
Jun 2021
$450M at $4.6B valuation
Andreessen Horowitz, 8VC, Founders Fund, General Catalyst, Lux Capital, Valor Equity Partners, D1 Capital
Series E
Dec 2022
$1.48B at $8.48B valuation
Valor Equity Partners (lead), Founders Fund, Andreessen Horowitz, General Catalyst, 8VC, Lux Capital, Thrive Capital, DFJ Growth, USIT