Anduril Industries

Money Moves

Private; in talks for a round near $100 billion; valued at $61 billion after May 2026 Series H

Anduril is negotiating a raise that could value it near $100 billion, per Reuters, three months after closing a $5 billion round at $61 billion. The Army also awarded Anduril $65 million to build hardware for the Palantir-led TITAN (Tactical Intelligence Targeting Access Node) system.

Updated Sep 4

New Capabilities

Manufacturer of the Altius-700 and Altius-700M launched effects

An H-60M Black Hawk helicopter launched several weaponized Altius-700M drones during Project Convergence Capstone 6, and the drones autonomously located and struck their targets without the crew guiding them onto the objective. Anduril released footage of the flight on August 31, showing the helicopters deploying the drones from external pylons over California's Mojave Desert.

Updated Sep 4

New Capabilities

Major drone contractor; Gauntlet competitor

The Pentagon spent $398 million on small drones in 2022. Four years later, as Ukraine demonstrated that $400 drones could destroy $10 million tanks, Congress authorized $1.7 billion—a fourfold increase. Now the Department of Defense has launched its most ambitious small-drone initiative ever: a $1.1 billion program to field more than 300,000 one-way attack drones by 2028, with the first 30,000 expected by mid-2026.

Updated May 26

Money Moves

Valued well above $30.5 billion after $4B 2026 fundraise; $20B Army contract won in March 2026; YFQ-44A Fury CCA completed test flight April 16; IPO probability below 25% before 2027

AEVEX Aerospace, a maker of military drones and airborne surveillance systems, began trading on the New York Stock Exchange on April 17, 2026, under the ticker AVEX—and its first day answered a central question about the defense tech IPO wave. Shares opened at $23.01 and closed at $26.93, a 34.7% gain that pushed its market capitalization to roughly $3 billion, well above the $2.35 billion valuation at pricing.

Updated Apr 19