Michael Kaufman's Covenant opens Dallas missile factory, targets 1,000 Anthems in year one
The former Thiel Capital investor is betting commercial parts, three-country production and $250M can turn flight tests into missile volume.
By RuntimeWire Staff · Published
Primary source: CNBC
Why it matters
Kaufman is using $250M in venture funding to build missile capacity ahead of full qualification. If Covenant delivers, defense founders gain a stronger case for financing factories before procurement catches up.
Covenant, the Washington-based defense manufacturer co-founded in 2024 by former Thiel Capital investor Michael Kaufman and Avihood Ben-Ari, opened a 105,000-square-foot missile factory in Dallas on September 9th.…
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