Covenant Exits Stealth With $250M To Build Mass Cruise Missile Factory In Dallas

Covenant exited stealth with $250 million in funding to produce long-range, heavy-payload cruise missiles for the military. The startup opened a 105,000-square-foot manufacturing plant in Dallas to bypass legacy defense prime contractors. Serial production of the Anthem missile begins in Q1 2027, with a target of 1,000 units in the first year and an eventual scale of 5,000 annually. The company signed agreements with the Department of Defense to accelerate Army testing and adapt the weapon system for Navy maritime use. The massive production targets aim to fill a strategic gap and replenish dwindling weapons stockpiles as the war in Iran stretches into its seventh month. "What we're seeing now is an understanding that new market entrants can play a critical role in the defense ecosystem, and we're seeing that in this administration." — Abby Denburg