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RE: LeoThread 2024-11-04 21:34

in LeoFinance13 hours ago

Anduril is considering Arizona, Ohio, or Texas for its massive manufacturing facility, source says

Anduril, the defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, a 5-million-square-foot

Anduril, the defense tech company co-founded by Palmer Luckey, is considering building its first major manufacturing plant, a 5-million-square-foot facility known as “Arsenal-1,” in Arizona, Ohio, or Texas, according to someone familiar with the matter.

#anduril #defense #manufacturing #technology

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The company, which is developing autonomous drones, planes, and submarines, had announced $1.5 billion at a $14 billion post-money valuation in September.

In conjunction with that round, Anduril announced it plans to use the fresh capital for manufacturing, investing “hundreds of millions” to develop its Arsenal-1 facility. It also said it would use the money for hiring and promised that the facility will employ “thousands of people” and be capable of producing “tens of thousands of autonomous military systems annually.”