Anduril is spending $3.7 billion of its own capital on a Baltimore County shipyard to go with a Navy submarine contract worth up to $2.9 billion. The yard will make Virginia-class parts, so getting the money back depends on the Navy buying more boats.
Perspective Coverage
13 publishers
- Builder
- Builder 14%
- Operator
- Operator 48%
- Investor
- Investor 38%
Reality
- Evidence62
- Adoption20
- Hype gap+30
- Incentives75
- Confidence65
Perseus fires a $2,500 kinetic interceptor at Yuma under Falcon Peak 26.2
Perseus says each Mk-III costs about $2,500 to build, a fortieth of the price of the missiles militaries have fired at cheap drones. The figure a buyer writing a requirement needs is the cost per interception.
Reality
- Evidence30
- Adoption20
- Hype gap+35
- Incentives72
- Confidence52
The Navy asks venture capital to fund the early research it used to pay for itself
Justin Fanelli, the Navy's chief technology officer, says the service is leaning on private capital to carry companies to maturity and stepping in as a buyer once the product works. He is putting a fresh priorities list in front of investors first.
Reality
- Evidence38
- Adoption52
- Hype gap+24
- Incentives72
- Confidence46
A $13B valuation on $500M of booked military contracts, co-led by a bank, a buyout firm and a venture fund, is what defense industrial capital looks like when it stops being venture capital.
Perspective Coverage
4 publishers
- Builder
- Builder 14%
- Operator
- Operator 11%
- Investor
- Investor 75%
Reality
- Evidence45
- Adoption42
- Hype gap+30
- Incentives82
- Confidence55
Taiwan signs for cheap undersea drones, and a local maintenance network to go with them
NCSIST and US startup Vatn Systems will explore fielding the modular Skelmir S12 in Taiwan, plus local supply chain and sustainment. The load-bearing clause is the maintenance network, not the vehicle.
Reality
- Evidence32
- Adoption24
- Hype gap+34
- Incentives66
- Confidence38