The problem
Militaries need modern autonomous systems built fast and cheap, not decade-long, cost-plus programs from legacy primes
What they do
Autonomous drones, sensors, weapons and Lattice AI software for US and allied militaries
Traction $2.2B revenue in 2025, more than double 2024; Army enterprise deal worth up to $20B
Hiring trend
- Open roles
- 2510
- Ops roles
- 4
- Headcount
- ~9,300-9,700
Workforce nearly doubled in 2025 per company (~9,300-9,700 now, Revelio/Tracxn); 2,537 open roles
Hiring in
- Costa Mesa
- Washington, DC
- Ashville
- Remote
Glassdoor
3.8 ★ 324 reviews ↗Funding
- Last round
- $5B
- Stage
- Series H
- Date
- May 2026
Led by Thrive Capital, Andreessen Horowitz
- Hiring+22510 open roles on the live job board (30+ roles = +2)
- Funding recency+2Series H · $5B, May 2026 (5 months ago): 6 months or less = +1.5, $100M+ round +0.5
- Traction+1.5Strong growth: $2.2B revenue in 2025, more than double 2024; Army enterprise deal worth up to $20B
- Red flags−11 significant flag in the last 24 months, −1 eachExecution and safety setbacks: Reuters and WSJ (Nov 2025) reported drone crashes and test failures, plus Navy safety complaints; WIRED (Mar 2026) described repeated management exits and delays at its rocket-motor plant.Reuters: Anduril faces setbacks from drone crashes (Nov 2025) ↗ · WSJ: 'We do fail ... a lot': Anduril hits setbacks with weapons tech (Nov 2025) ↗ · WIRED: Anduril's real war is with itself (Mar 2026) ↗
- Total4.52 + 2 + 1.5 − 1 = 4.5 → Race (4.25–4.74)
Distance (Half) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Half · edge: cheaper at size
The clear leader among new defense primes, with $2.2B revenue, many product lines and a $20B Army enterprise deal; still far behind Lockheed, RTX and Northrop, and exposed to one customer (the Pentagon), budget delays and heavy factory spending.
Sources: Reuters: Anduril raises $5B at $61B; revenue doubled to $2.2B (May 2026) ↗ · Forbes: Anduril's raise; Army $20B enterprise contract (May 2026) ↗
Watch-outs
Execution and safety setbacks: Reuters and WSJ (Nov 2025) reported drone crashes and test failures, plus Navy safety complaints; WIRED (Mar 2026) described repeated management exits and delays at its rocket-motor plant.
Sources: Reuters: Anduril faces setbacks from drone crashes (Nov 2025) ↗ · WSJ: 'We do fail ... a lot': Anduril hits setbacks with weapons tech (Nov 2025) ↗ · WIRED: Anduril's real war is with itself (Mar 2026) ↗
Last checked Oct 25, 2026