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Unicorn Anduril's Valuation Surged 2x in 1 Year. Is It a Buy When it Goes Public?
Anduril has a new business model for the Pentagon. It didn't work the last few times it's been tried, however.
Look out, Lockheed Martin (NYSE: LMT), and beware, Boeing (NYSE: BA)! Because Anduril Industries is coming for your fighter jet markets, and a defense industry dogfight is brewing.
At the same time that Boeing is crowing over recently winning a contract to develop a new F-47 stealth fighter jet, and while Lockheed Martin is looking to win contracts to upgrade its F-22s and F-35s, over at Anduril, the privately held defense contractor has just unveiled a new unmanned fighter jet powered by artificial intelligence (AI) that could make its rivals' offerings instantly obsolete.
Anduril calls its new plane the Fury Autonomous Air Vehicle (AAV), to distinguish it from merely remotely controlled unmanned aerial vehicles (UAVs). In a CBS 60 Minutes segment last week, Anduril CEO and co-founder Brian Schimpf described Fury as a "CCA," or collaborative combat aircraft, one designed to work in coordination with a manned aircraft.
