Anduril CEO Brian Schimpf defended the company's ties to the Trump administration, noting co-founder Palmer Luckey's appointment to a Department of Defense group, and said Anduril has 'done incredibly well under Biden.' He said contracts are won on merit through the Pentagon's competitive bid process. Anduril announced a shipyard contract worth up to $2.9 billion on Oct. 6 and won a multi-year DOD contract worth up to $20 billion in March. The company opened a tender offer to employees in 16 countries valuing it at $90 billion, up from $60 billion five months earlier. Schimpf said Anduril is not rushing into an IPO, while Luckey has said he eventually wants to take the company public.
Summary written by Upside AI from the original article. Read the source for full details.
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