Andoral seeks $100 billion valuation

Anduril, the American defense technology company, has initiated talks for a funding round that could lead to a valuation approaching $100 billion, making it one of the largest defense industry companies worldwide, comparable to firms like Northrop Grumman and Lockheed Martin. The company plans a two-stage funding process, whereby investors commit to participating in a second round within a year if the company meets certain financial targets, with a potential valuation nearing $110 billion. This comes amid strong growth in the company's military sales, which have benefited from increasing demand for drone systems and missile technologies amid international tensions. Revenue was previously announced at $2.2 billion in 2025, and the company successfully raised $5 billion two months ago. If the targeted valuation is confirmed, Anduril will move forward in competition with Lockheed Martin, which has an estimated market value of around $130 billion.

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