Standing Order
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Defense

Anduril Industries, Inc.

Privatepure-play
Market cap
Conviction3/ 5
HQCosta Mesa, CA

For informational purposes only. Not financial advice, not a recommendation to buy or sell any security. Standing Order is a directory and research project, not an advisory service.

Thesis

Anduril builds software-defined, autonomous defense hardware and sells it on a product model rather than cost-plus. Arsenal-1 is a bet on mass-manufacturing attritable systems.

Catalysts

  • Program-of-record and DoD funding wins
  • Arsenal-1 production scale-up
  • Most-anticipated defense-tech IPO

Not financial advice — research and opinion only. Disclosures