Covenant Defense Startup Announces U.S. Missile Factory Opening
Defense technology startup Covenant has announced the opening of a new missile manufacturing facility in Dallas, Texas. The factory will produce its Anthem long-range cruise missiles at lower costs than traditional defense systems like Raytheon Technologies' Tomahawk. Backed by prominent venture capital firms including Andreessen Horowitz and Peter Thiel's Founders Fund, Covenant plans to manufacture 1,000 missiles in the first year of production starting Q1 2027. Covenant has raised $250 million across three funding rounds since its founding in 2024. The company aims to fill a gap between short-range drones and high-cost long-range systems by offering affordable, strategic-range weapons for U.S. military use. It also announced two Department of Defense contracts: one with the Army for testing and qualification programs and another with the Navy for adapting its missiles for maritime operations. The timing is critical as global conflicts continue to deplete U.S. missile stockpiles. Covenant's expansion reflects a broader trend in defense innovation, where new market entrants are gaining traction within government procurement processes.
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Topics: Covenant missile production startup funding U.S. military