Anduril Is Aiming to Do to Lockheed What Tesla Did to Ford

A start-up is aiming to do to Lockheed Martin what Tesla did to Ford Motor. It might disrupt the entire defense business along the way.

Anduril, founded in 2017 and now valued at more than $30 billion, aims to become a prime defense contractor, building weapons systems using advanced, commercially available technology quickly and at scale, rather than bidding on cost-plus contracts for exquisitely designed, expensive, low-volume systems as traditional defense companies do. It seeks to put autonomy and software at the core of its products, as Tesla has done in upending the auto industry.

Anduril’s “job is to compress the [defense] market,” says Greg Martin, managing director at the private market exchange Rainmaker Securities. “Take the defense budget from $900 billion to $500 billion without losing lethality.”..Read Full Article