Covenant is a defense-technology company founded in 2024 that exited stealth on September 9, 2026. It builds the Anthem, a long-range heavy-payload cruise missile, and announced at launch a 105,000-square-foot missile factory in Dallas alongside production facilities in Germany and northern Israel and more than 200 employees worldwide (Source: cnbc.com).
| Field | Value |
|---|---|
| Type | Private company |
| Founded | 2024 |
| HQ | United States (Dallas manufacturing) |
| Product | Anthem long-range heavy-payload cruise missile |
| Funding | $250 million across three rounds |
Funding
Covenant announced $250 million raised across three rounds from Andreessen Horowitz, Founders Fund, Lux, 8VC, Aleph and Lightspeed (Source: cnbc.com). The investor list overlaps substantially with the venture syndicates behind Anduril and other defense-technology entrants, and with the same firms' AI portfolios.
Manufacturing and production plans
The Dallas plant is stated at 105,000 square feet, producing 1,000 Anthem missiles in its first year, with serial production beginning in the first quarter of 2027 and scaling to 5,000 annually. These are company statements of plan rather than demonstrated output (Source: cnbc.com).
Government agreements
Covenant announced two Department of Defense agreements at launch: one accelerating an Army test and qualification program, and one with the Navy to adapt the Anthem for maritime use (Source: cnbc.com). The agreements' values, durations and contracting vehicles are not stated in the source reviewed here. See DOD — Department of Defense (AI Deployer).
Open questions
- Whether the Anthem incorporates AI-enabled targeting or autonomy, and at what level of human involvement, is not established on the source reviewed here. The classification bears on Autonomous Weapons and on the DoD Directive 3000.09 review framework.
- The company's founders, leadership and prior corporate history are not established here.
- The relationship between the Dallas plant and the existing German and Israeli facilities — whether they are duplicate or complementary lines — is not stated.
Relationships
- related: Anduril Industries, Helsing, Shield AI — venture-funded defense-technology entrants competing for the same procurement channels
- related: DOD — Department of Defense (AI Deployer) — counterparty to the two announced agreements
- related: Autonomous Weapons — the policy frame that would apply if the Anthem carries autonomous targeting
- related: Dual-Use Frontier AI — the dual-use frame for AI-adjacent defense manufacturing