Thiel-backed Covenant to mass-produce low-cost long-range missiles
TL;DR Summary
Covenant, the defense startup backed by Peter Thiel, says it will produce Anthem, a heavy-payload long-range cruise missile, quickly and at low cost to help address a U.S. weapons shortage. The company has about $150 million in orders for deliveries starting in 2027 and is expanding with a 105,000-square-foot Dallas plant, plus planned facilities in Germany and Israel.
Topics:business#aerospace-and-defense-industry#covenant#military-and-defense#peter-thiel#technology#weapons-manufacturing
- Peter Thiel-backed firm to make low-cost missiles amid U.S. shortage The Washington Post
- Andreessen- and Thiel-backed defense startup opens U.S. missile factory as it exits stealth CNBC
- Secretive defense startup Covenant emerges from stealth with $250 million at over $1 billion valuation calcalistech.com
- Silicon Valley-backed Covenant unveils low-cost, mass-producible cruise missile Reuters
- Thiel-backed start-up to mass-produce ‘deep strike’ missiles in Europe and US ft.com
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