Anduril Industries, Inc.

History

Anduril Industries is a US defence technology company incorporated on 20 April 2017 by Palmer Luckey (founder of Oculus VR), Trae Stephens, Brian Schimpf, Matt Grimm and Joe Chen. It builds its systems around its own AI software platform, Lattice, which links sensors, unmanned systems and effectors into a common operating picture. The company has grown quickly through its own development and acquisitions – among them Area-I (2021), maker of the ALTIUS UAV, Dive Technologies (2022), Blue Force Technologies (2023), whose design Fury is based on, and Numerica’s radar business (2024).

Ownership and figures

Anduril Industries, Inc. is a private company headquartered in Costa Mesa, California, with offices across the US, in London and in Sydney. The CEO is Brian Schimpf and the chairman Trae Stephens. In 2025 revenue was about $2.2 billion, and in 2026 it employed about 7,000 people. The company has raised several rounds of venture funding; in May 2026 it raised $5 billion at a $61 billion valuation. It is building the Arsenal-1 plant in Ohio, an investment of about $1 billion, and Arsenal-2 in Maryland.

In Europe

• Rheinmetall – in June 2025 the two companies agreed a strategic partnership to jointly develop and produce in Europe European variants of Barracuda and Fury and to produce solid rocket motors.
• Latvia – on 25 September 2026 Anduril signed a memorandum of understanding with Latvia’s Origin Robotics. According to the manufacturers, quoted by Unmanned Airspace, in late October 2026 the two companies demonstrated the Lattice for Air Defense platform together with Origin’s BLAZE interceptor and a Latvian air defence radar to Latvia’s military leadership; the Latvian military has not officially confirmed the information.
• United Kingdom – work for the Royal Navy, the Royal Marines and the Home Office.

Products

• Lattice – the command-and-control software platform at the core of all its products.
• Unmanned aircraft – Fury (YFQ-44A), one of the two designs in the first increment of the US Air Force’s Collaborative Combat Aircraft programme, and the tube-launched ALTIUS.
• Air defence – the Anvil and Roadrunner interceptors and Sentry surveillance towers.
• Cruise missiles – the Barracuda family.
• Undersea vehicles – Dive-LD and the extra-large Ghost Shark, developed with the Royal Australian Navy.