Silicon Valley-backed Covenant unveils low-cost, mass-producible cruise missile

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1. 5d ago

   Defense Startup Covenant Unveils Mass-Producible Cruise Missile

   Defense startup Covenant has exited stealth to unveil a long-range, heavy-payload cruise missile designed for low-cost mass production. Backed by investors including Peter Thiel and Andreessen Horowitz, the company is establishing production facilities in the United States and Germany. The U.S. Army is currently testing the weapon, known as the Anthem, to address existing missile shortages. Covenant plans to begin cruise missile production in Germany next year to provide deep strike capabilities across the U.S. and Europe.

   Why it matters

   The U.S. is currently facing a shortage of missiles. This development represents a shift toward Silicon Valley venture capital funding for defense hardware to enable faster, cheaper manufacturing than traditional defense contractors.

   What is confirmed

   • Covenant is backed by Peter Thiel and Andreessen Horowitz.
   • The company is establishing missile production facilities in the United States and Europe.
   • Covenant plans to launch cruise missile production in Germany next year.
   • The company's cruise missile is designed for low-cost mass production.

   Still unconfirmed

   • The U.S. Army is testing the Anthem long-range strike weapon.
   • Covenant is opening a production facility in Grand Prairie.
   • The missile is designed for heavy payloads.

   What to watch next

   • Results of U.S. Army testing for the Anthem weapon
   • Official opening of the Grand Prairie production facility
   • Confirmation of the specific production volume for the German facility
   Sources used for this update (11)

   1. CNBC — Andreessen- and Thiel-backed defense startup opens U.S. missile factory as it exits stealth
   2. Financial Times — Thiel-backed start-up to mass-produce ‘deep strike’ missiles in Europe and US
   3. Reuters — Silicon Valley-backed Covenant unveils low-cost, mass-producible cruise missile
   4. Bloomberg — US Startup Plans Mass Production Of Cruise Missiles in Germany
   5. TWZ — Army Now Testing Anthem Long-Range Strike Weapon Built for Mass Production
   6. The Washington Post — Peter Thiel-backed firm to make low-cost missiles amid U.S. shortage
   7. dallasnews.com — Secretive defense startup opening missile production facility in Grand Prairie
   8. Reuters — US startup Covenant to launch cruise missile production in Germany next year
   9. barlamantoday.com — Silicon Valley-Backed Covenant Unveils New Long-Range Cruise Missile
   10. www.marketscreener.com — Lockheed Martin Wins $114 Million US Space Force Contract to Modernize GPS Ground Segment
   11. www.marketscreener.com — International Business Machines Corporation and Lockheed Martin Corporation Announce Swiss Quantum Innovation Hub At Eth Zurich Anchored by Switzerland's First International ...
   confidence 90%