Anduril Industries — Company Profile | Drone Intelligence

Key Facts

Headquarters	Costa Mesa, California640,000 sq ft campus leased February 2021; satellite offices in Boston, Atlanta, Seattle, DC, London, and Sydney[1]
Founded	2017Founders: Palmer Luckey, Brian Schimpf, Trae Stephens, Matt Grimm, Joe Chen[1]
Total Funding Raised	$6.87 billion+Cumulative through 2026[2]
Latest Valuation	$60 billionReported $4 billion round led by a16z and Thrive Capital, March 2026[3]
Annual Revenue	~$1 billionDoubled in 2024[2]
IVAS Programme Value	$22 billion over 10 yearsContract novation from Microsoft, US Army approval April 2025[4]
Army Lattice Contract Vehicle	$20 billionCounter-drone task order issued under new contract vehicle, March 2026[7]
NDAA / Federal Procurement	Compliant; multiple programme-of-record relationships[8]

FUNDING HISTORY

Reported 2026 round — $4 billion[3]

March 2026 · Andreessen Horowitz, Thrive Capital · $60 billion

Series G — $2.5 billion[2]

June 2025 · $30.5 billion

KEY CONTRACTS

US Army (via novation from Microsoft) — $22 billion / 10 years[4]

IVAS — Integrated Visual Augmentation System. Anduril assumes oversight of production, future hardware/software development, and delivery. Microsoft Azure remains preferred cloud provider.

April 2025 (US Army approval)

US Army[7]

Counter-drone task order — first issued under a new $20 billion Lattice integration contract vehicle.

March 2026

PRODUCTS

Lattice[5]

AI software platform converting thousands of sensor data streams into a real-time, 3D command-and-control environment. Core to all Anduril systems.

YFQ-44A Fury[9]

Collaborative Combat Aircraft (CCA). Selected by US Air Force as part of the unmanned wingman programme. Uses Shield AI Hivemind for mission autonomy.

Ghost-X / Ghost[10]

Modular small UAS for ISR and tactical strike support. Awarded an additional $16.8 million US Army hardware contract in April 2026.

LEADERSHIP

Palmer Luckey — Co-founder and Chairman[1]

Brian Schimpf — Co-founder and CEO[1]

Drone Intelligence Assessment

Anduril Industries is the most heavily capitalised non-traditional defence firm in the United States. The company's central thesis is that the traditional acquisition model produces capability too slowly and at too high a cost to match the operational tempo modern conflict now requires. Anduril's response has been a vertically integrated approach. It develops products on internal capital, then offers them to government customers as commercial off-the-shelf systems, rather than building to specification under a cost-plus contract.

The Lattice software platform is the connective tissue across the company's hardware portfolio. The April 2025 transfer of Microsoft's $22 billion IVAS programme into Anduril's stewardship and the March 2026 Army contract vehicle valued at $20 billion for Lattice integration both signal that Lattice has crossed from technology demonstration into programme-of-record status. Once embedded at programme depth, software platforms create multi-year switching costs that are extremely difficult for competitors to displace.

The company's $4 billion reported raise in March 2026 at a $60 billion valuation represents the largest single-cycle valuation expansion in US defence technology history. The lead investors, Andreessen Horowitz and Thrive Capital, are pricing Anduril against the structural shift in autonomous warfare procurement that the FY27 DAWG budget request crystallises. The execution variable is whether Anduril's manufacturing and integration capacity scales at the pace its programme commitments now require.