February 19, 2026

Anduril's Defense Industry Insurgency

Anduril Industries is a defense technology company that, while remaining largely unknown to most people, is increasingly central to the future of U.S. national security. Private-market investors now value the company at roughly $60 billion, a remarkable figure for a firm founded less than a decade ago. That valuation reflects not only rapid growth but also the Pentagon’s growing recognition that the United States must modernize how it builds military power.