Anduril Industries' Potential IPO
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Business & Economics
Anduril's founder says the company is "on a path to being a publicly traded company" -- here's why
77% Informative
Anduril Industries co-founder Palmer Luckey said last month that his company is "on a path to being a publicly traded company" He hasn't said exactly when that might happen, but the prospect of an IPO was enough to start digging into the company.
The company recently announced the winning of a new $99 million contract with the Department of Defense .
The contracts are split roughly equally, the seven contracts in total promise about $400 million in revenue.
Anduril counts the UK Ministry of Defence and the Australian Defence Force among its customers.
The company is already playing a very big role in the U.S. military, in military drones in particular, and in kamikaze drones.
In addition to intelligence gathering, processing, and distribution, this appears to be the company's primary focus.
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