, , , ,

Anduril’s teeing up to take larger defense market share with latest acquisition

Defense technology company Anduril Industries has acquired Adranos, a startup that manufactures solid rocket motors for in-space and terrestrial applications.

The two companies did not disclose the terms of the deal. Indiana-based Adranos’ solid rocket motor propulsion systems are designed for tactical missiles, hypersonics and space launch vehicles. Adranos has also developed a solid rocket fuel called Alitec, which has been tested in partnership with the U.S. Army.

In a statement, Anduril said it would further develop Adranos’ solid rocket motors production facility in Mississippi to increase output to “thousands” of motors per year.

Adranos has raised over $21 million since its founding in 2015. For much of the company’s existence, it was the singular example of a startup going after the missile motor business – a business that is currently dominated by major defense primes Northrop Grumman and Aerojet Rocketdyne, the two sole solid rocket motor suppliers to the Pentagon.

But this lack of competition has struck a note of concern amongst Defense officials, particularly as the backlog for solid rocket motors has grown. A 2022 report from the U.S. Department of Defense found that the defense sector shrunk from 51 to 5 prime contractors since the 1990s. It’s a situation that could lead to less innovation, higher prices, and more vulnerable supply chains, the report found. (L3Harris, one such prime contractor, is currently in the process of buying Aerojet for $4.7 billion, in a move that would further consolidate the industry.)

“There is a clear need for greater competition and expanded supply in solid rocket motors for the United States and our allies,” Anduril CEO Brian Schimpf said in a statement.

The Adranos purchase is the latest signal that Anduril seeks to truly compete with these legacy primes. Anduril, founded in 2017, designs and manufactures drones, artificial intelligence platforms and other technology for the warfighter. Its weaponized autonomous drones were deployed on the Ukrainian battlefield as part of a $2 billion military aid package approved in February, according to industry reporting.

Anduril’s success has flown in opposition to the long-dominant perspective that defense tech is ill-suited for venture dollars. Such success stories, combined with rising geopolitical tensions and a sea change inside the Pentagon itself, has meant that more startups than ever before are actively seeking to work on tech at the intersection of national security and commercial – and more investors are willing to fund them.

Anduril’s teeing up to take larger defense market share with latest acquisition by Aria Alamalhodaei originally published on TechCrunch

https://techcrunch.com/2023/06/26/andurils-teeing-up-to-take-larger-defense-market-share-with-latest-acquisition/


January 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  

About Us

Welcome to encircle News! We are a cutting-edge technology news company that is dedicated to bringing you the latest and greatest in everything tech. From automobiles to drones, software to hardware, we’ve got you covered.

At encircle News, we believe that technology is more than just a tool, it’s a way of life. And we’re here to help you stay on top of all the latest trends and developments in this ever-evolving field. We know that technology is constantly changing, and that can be overwhelming, but we’re here to make it easy for you to keep up.

We’re a team of tech enthusiasts who are passionate about everything tech and love to share our knowledge with others. We believe that technology should be accessible to everyone, and we’re here to make sure it is. Our mission is to provide you with fun, engaging, and informative content that helps you to understand and embrace the latest technologies.

From the newest cars on the road to the latest drones taking to the skies, we’ve got you covered. We also dive deep into the world of software and hardware, bringing you the latest updates on everything from operating systems to processors.

So whether you’re a tech enthusiast, a business professional, or just someone who wants to stay up-to-date on the latest advancements in technology, encircle News is the place for you. Join us on this exciting journey and be a part of shaping the future.

Podcasts

TWiT 1013: Calamari in Crisis – Touching the Sun, Fake Spotify Artists, Banished Words This Week in Tech (Audio)

Touching the Sun, Fake Spotify Artists, Banished Words AI Needs So Much Power, It's Making Yours Worse How many billions Big Tech spent on AI data centers in 2024 NASA Spacecraft 'Touches Sun' In Defining Moment For Humankind Elon Musk Calls Out NASA's Moon Ambitions: 'We're Going Straight to Mars' Elon Musk and the right's war on Wikipedia Trump Asks Supreme Court to Pause Law Threatening TikTok Ban US Treasury says Chinese hackers stole documents in 'major incident' Judge blocks parts of California bid to protect kids from social media Finland probes Russian shadow fleet oil tanker after cable-cutting incident US appeals court blocks Biden administration effort to restore net-neutrality rules The Ghosts in the Machine (fake spotify artists) Massive VW Data Leak Exposed 800,000 EV Owners' Movements, From Homes To Brothels Banished Words | Lake Superior State University 2025 Public Domain Day 2025 Happy Birthday, Bitcoin! The top cryptocurrency is old enough to drive End of the lines? QR-style codes could replace barcodes 'within two years' Host: Leo Laporte Guests: Richard Campbell, Anthony Ha, and Stacey Higginbotham Download or subscribe to This Week in Tech at https://twit.tv/shows/this-week-in-tech Get episodes ad-free with Club TWiT at https://twit.tv/clubtwit Sponsors: ZipRecruiter.com/Twit joindeleteme.com/twit promo code TWIT canary.tools/twit – use code: TWIT zscaler.com/security
  1. TWiT 1013: Calamari in Crisis – Touching the Sun, Fake Spotify Artists, Banished Words
  2. TWiT 1012: Our Best Of 2024 – The Best Moments From TWiT's 2024
  3. TWiT 1011: The Year in Review – A Look at the Top Stories of 2024
  4. TWiT 1010: The Densest State in the US – TikTok Ban, Drones Over Jersey, GM Quits Robotaxis
  5. TWiT 1009: Andy Giveth & Bill Taketh Away – Trump's Tech Titans, Crypto Boom, TikTok's US Ban, Intel CEO Exits

Notifications

Error: Episode unavailable - Open in a new tab