Covenant Defense Opens 105,000-Square-Foot Dallas Missile Factory with $250 Million Funding
Covenant, backed by Andreessen Horowitz and Peter Thiel, opened its first factory in Dallas to manufacture long-range missiles for the U.S. military at a reduced cost.
Defense startup Covenant announced on Wednesday the opening of a 105,000-square-foot facility in Dallas. The company stated this move supports lower-cost missile manufacturing for the U.S. military. Covenant also revealed it raised $250 million across three funding rounds. The venture receives capital from Andreessen Horowitz, Peter Thiel's Founders Fund, Lux, 8VC, Aleph, and Lightspeed.
Abby Denburg, Covenant's president and chief growth officer, explained that new market entrants play a critical role in the defense ecosystem under this administration. Founded in 2024, Covenant developed the Anthem long-range heavy-payload cruise missile. The company claims this system costs a fraction of legacy systems like RTX's Tomahawk.
Production plans target 1,000 Anthem missiles annually in the first year, starting serial production in Q1 2027. Long-term goals include scaling to 5,000 missiles per year. Covenant cited a dwindling weapons stockpile and an ongoing conflict in Iran as reasons for this expansion.
