Anduril Industries, founded by Palmer Luckey in 2017, builds autonomous defence systems from its headquarters in Costa Mesa, California. The company's product line spans the Lattice AI command-and-control platform, the YFQ-44A Fury autonomous combat aircraft, the Roadrunner interceptor, the Barracuda cruise missile, the Ghost-X VTOL ISR drone, and the Pulsar electronic warfare system.

In March 2026 the US Army awarded Anduril a $20 billion, 10-year enterprise contract vehicle designating Lattice as the DoD-wide counter-UAS backbone , while Arsenal-1 shipped its first Fury drones four months ahead of schedule . In April 2026 the US Space Force named Anduril among twelve companies in a $3.2 billion Golden Dome OTA pool for Space-Based Interceptor prototypes; in May 2026 Anduril revealed its SBI team: Impulse Space, Inversion Space, K2 Space, Sandia National Laboratories, and Voyager Technologies . Also in May 2026, the UK MoD selected Anduril (UK) for Project NYX, a GBP 10 million Apache loyal-wingman assessment phase competing against BAE Systems, Tekever, and Thales, with a down-select to two companies planned for autumn 2026 .

Anduril's 2026 financial picture shows revenue roughly doubling to ~$4.3bn (from $2.2bn in 2025), but an operating loss of ~$1.2bn and profitability deferred to 2030. Arsenal-1 in Ohio carries over $900m in committed spend. The May 2026 fundraise closed at a $61 billion valuation (approximately 27x current revenue), pricing a four-year PATH to breakeven that the company's own projections defer to 2030 . Strategic footprint now spans Counter-UAS (Lattice), Collaborative Combat Aircraft (Fury), Ballistic missile defence (Golden Dome SBI), export counter-drone sales, and an Arsenal-1 multi-platform ramp from 30 to 250 workers through 2026.

Kratos's 6 July 2026 announcement of a 106,000 sq ft Oklahoma City expansion, aimed at lifting jet-drone output beyond its current ~165 units per year, was framed against Arsenal-1's established 150 Fury per year capacity, reaffirming Anduril's scale lead in the Collaborative Combat Aircraft race even as competitors close the gap.

On 6 June 2026 the US State Department approved a $1.98 billion counter-drone sale to Kuwait, with Anduril as principal contractor and its Anvil intercept system as the primary deliverable, notified to Congress three days after the IRGC's 3 June airport drone strike .

Common Questions

Is Anduril going public or filing for an IPO?

As of June 2026 Anduril has raised at a $61bn valuation but has not filed an S-1. The company has stated profitability is expected in 2030, and no IPO timeline has been announced publicly.Source: Drones: Industry & Defence

What does Anduril's Arsenal-1 factory build?

Arsenal-1, a 5-million-square-foot factory in Columbus, Ohio, produces the YFQ-44A Fury autonomous combat aircraft at a rate of up to 150 per year, with a Roadrunner interceptor line planned by end-2026 and over $900m in committed capital spend.Source: Drones: Industry & Defence

Why is Anduril losing money at a $61 billion valuation?

Anduril projects a ~$1.2bn operating loss in 2026 despite revenue roughly doubling to ~$4.3bn, as Arsenal-1 in Ohio carries over $900m in committed capital spend and the company is scaling manufacturing ahead of breakeven, which it targets for 2030.Source: Drones: Industry & Defence

What is Anduril's Lattice platform used for?

Lattice is Anduril's AI command-and-control software that fuses sensor data and manages autonomous drone responses. A March 2026 US Army contract designates it as the DoD-wide Counter-UAS backbone under a $20bn, 10-year enterprise vehicle.Source: Drones: Industry & Defence

What is Anduril's role in the US Golden Dome missile defence programme?

Anduril is one of twelve companies in a $3.2bn Golden Dome OTA pool for Space-Based Interceptor prototypes, and leads a team including Sandia National Laboratories, Impulse Space, Inversion Space, K2 Space, and Voyager Technologies for the boost-phase intercept track.Source: Drones: Industry & Defence

Why did Sandia National Laboratories join Anduril's missile defence team?

Sandia, the US government's primary nuclear weapons physics lab, brings boost-phase intercept expertise to Anduril's Golden Dome SBI programme. Its involvement routes that physics work through Anduril's prime contract rather than traditional primes Lockheed Martin or Raytheon.Source: Anduril press release

Who is on Anduril's Golden Dome space interceptor team?

Anduril named Impulse Space, Inversion Space, K2 Space, Sandia National Laboratories, and Voyager Technologies as its Space-Based Interceptor partners on 5 May 2026, targeting boost-phase intercept capability inside the Golden Dome architecture by approximately 2028.Source: Anduril press release

How much is Anduril worth in 2026?

Anduril is in fundraising talks at a valuation above $60 billion as of May 2026, roughly three times its last known private valuation, driven by the $20B Army Lattice contract and the Golden Dome OTA inclusion.Source: Financial Times

Why did the Army give Anduril a sole-source contract for the Ghost-X?

The Army awarded Anduril a $16.8 million sole-source Ghost-X ISR contract in April 2026 without a competitive tender, citing national security justification. Sole-source awards bypass normal competition rules.Source: event

What is Arsenal-1 and what does it produce?

Arsenal-1 is Anduril's 5-million-square-foot weapons factory in Pickaway County, Ohio, near Rickenbacker Airport. It shipped its first YFQ-44A Fury in March 2026 and will ADD Roadrunner, Barracuda, and a classified platform by end-2026. At full three-shift capacity it can produce 150 Fury aircraft per year. The workforce is scaling from 30 to 250 workers.Source: industry-report

How many weapons does Arsenal-1 make?

As of April 2026, Arsenal-1 produces four platforms: the Fury autonomous combat drone, Roadrunner interceptor, Barracuda cruise missile, and a classified programme. The workforce is planned to scale from 30 to 250.Source: event

How does Anduril's $20 billion DoD contract work?

The Army awarded Anduril a $20 billion, 10-year enterprise contract vehicle in March 2026, consolidating more than 120 separate procurement actions for Lattice-based Counter-UAS systems. The first task order was $87 million to JIATF-401. Subsequent awards, including a $16.8 million Ghost-X contract, draw down against the ceiling without open competition.Source: federal-government

Who are Anduril's main competitors in defence autonomy?

Anduril's primary rivals are Shield AI (Hivemind autonomy software), Northrop Grumman (YFQ-48A Talon Blue in the CCA race), and General Atomics (YFQ-42A). Traditional primes such as Lockheed Martin and Raytheon compete in adjacent procurement. Shield AI's Hivemind has been tested on the Fury airframe, suggesting partial interoperability despite the competitive dynamic.Source: industry-report

What is Anduril Industries and what does it make?

Anduril Industries is a US defence technology company founded in 2017 by Palmer Luckey. It builds autonomous systems including the Lattice AI command-and-control platform, the YFQ-44A Fury combat drone, the Roadrunner interceptor, the Barracuda cruise-class munition, and the Ghost-X ISR drone. It holds a $20 billion Army enterprise contract for counter-drone procurement.Source: industry-report

Are Anduril and Shield AI competitors?

Both compete for the USAF Collaborative Combat Aircraft programme, but Shield AI's Hivemind software has been tested on Anduril's Fury, suggesting interoperability rather than strict exclusivity.Source: background

How big is Anduril's Army contract?

The US Army awarded a 10-year, billion enterprise vehicle in March 2026 for Lattice counter-drone procurement, consolidating 120+ existing contracts.Source: DefenseScoop

What is Anduril?

A US defence technology company founded by Palmer Luckey in 2017 that builds autonomous systems including the Lattice AI platform, Fury combat drone, Roadrunner interceptor, and Ghost-X ISR drone.Source: background

Source Material

Anduril Industries — Wikipedia Anduril Industries — Official Website

How the World Sees Them

Pentagon

Lattice is now the DoD-wide counter-UAS backbone and Anduril holds prime positions in three mission domains: counter-drone, Collaborative Combat Aircraft, and ballistic missile defence via Golden Dome SBI.

Investors

The $61bn valuation prices a 2030 profitability path against a four-year operating loss profile and >$900m in Arsenal-1 committed spend; the implied multiple of 27x revenue requires sustained contract wins to justify.

Competitors

Traditional primes (Lockheed, Raytheon, Northrop) see the enterprise vehicle and Sandia SBI team as displacing incumbents from procurement channels without competitive retendering.

European allies

Anduril's Project NYX shortlisting pits it directly against BAE Systems and Thales for UK autonomous wingman work; allied governments face a choice between Lattice integration and sovereign counter-UAS alternatives.