Anduril is poised to raise even more cash—possibly in a two-part deal—pushing its valuation higher as defense tech explodes. With $5 billion already raised and $2.2 billion in revenue last year, the company is capitalizing on a surge in demand for drones, AI, and affordable “attritable” systems fueled by conflicts in the Middle East and Eastern Europe. Backed by major U.S. and international defense contracts, Anduril and peers like Mach Industries are also securing their own supply chains to meet the new demands of modern warfare.
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