Anduril

Spain struggles with artillery shortages after canceling a deal with Elbit Systems, while Anduril expands into submarine manufacturing and the US Army seeks a new mobile air defense system.

Major General (res.) Amikam Norkin has been chosen to lead the local operations of the defense-tech giant, and is expected to deepen work with the defense establishment and Israeli industries. At the same time, Globes has learned that the company is conducting a massive fundraising round: its scope has reached about $10 billion to date, and it has not yet closed.

American defense tech firm Anduril is negotiating a new funding round that could push its market valuation to approximately $100 billion. This would place the company on par with industry giants like Lockheed Martin.