Anduril Industries has been selected by the US Army to develop a new 4.75-inch solid-propellant rocket motor designed for long-range precision-guided artillery. The global demand for such rocket engines has surged amidst ongoing conflicts in Ukraine and the Middle East, reaffirming their critical role in modern military operations and strategies.

Anduril Industries, a defense technology startup leveraging artificial intelligence, is in discussions for a new funding round that could increase its valuation to an impressive $28 billion. Founded by Palmer Luckey, the company is garnering substantial attention from investors, underlining its rapid growth in the defense sector.