US Army announces contract with Anduril worth up to $20B
U.S. Army contracts Anduril for defense technology.
The U.S. Army announced a significant 10-year contract with defense tech startup Anduril, potentially valued at up to $20 billion. This deal, which begins with a five-year base period, consolidates more than 120 previous procurement actions and includes a range of Anduril's hardware, software, and services. The Army emphasizes the importance of rapid software deployment to maintain a competitive edge on modern battlefields.
Key Takeaways
- 1.
The contract spans 10 years, with an initial five-year base period.
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Anduril generated approximately $2 billion in revenue last year.
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Palmer Luckey, co-founder of Anduril, is known for his role in Oculus.
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