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00:02Defense tech startup Covenant opened a 105,000 square foot factory in Dallas on Wednesday
00:09to accelerate lower cost missile production for the U.S. military, according to CNBC.
00:14The Andreessen Horowitz-backed startup also announced $250 million in funding
00:20across three rounds. Founded in 2024, Covenant makes the Anthem long-range heavy payload cruise
00:26missile, which it says costs a fraction of legacy systems. The Dallas facility is expected to produce
00:321,000 Anthem missiles in its first year after serial production begins in the first quarter of
00:382027, with annual capacity eventually reaching 5,000. Covenant also announced Defense Department
00:45agreements with the Army to accelerate testing and qualification, and with the Navy to adapt
00:50anthem for maritime use. The company has more than 200 employees worldwide.
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