Economy · World
Defense Startup Plans Mass Production of Missiles
Defense startup Covenant, backed by Peter Thiel and Andreessen Horowitz, has secured approximately $150 million in orders for low-cost missiles. The company plans to begin deliveries in 2027. Covenant is establishing manufacturing facilities in both Europe and the United States to support mass production. The move comes amid a reported shortage of missiles in the U.S.
How outlets across the spectrum covered it
L 1 C 2 R 1
- Left (1): The Washington Post
- Centre (2): CNBC, Financial Times
- Right (1): The Jerusalem Post