1 source · first reported 2h ago
Peter Thiel-backed firm Covenant has secured $150 million in orders to produce low-cost missiles, with deliveries starting in 2027. This comes amid a U.S. shortage of missiles. Covenant is a defense start-up.
The development of low-cost missiles by Covenant addresses a critical U.S. shortage, potentially enhancing national defense capabilities. This innovation in missile production could impact the balance of power in future conflicts.
How this story unfolded across sources, oldest first.