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Covenant exits stealth with $250 million funding, $150 million order book and Texas factory targeting 5,000 weapons a year
Covenant emerged from stealth with more than $250 million in funding, about $150 million in booked orders, and plans to mass-produce its Anthem long-range weapon. The system first flew in August 2025 and has since completed more than 200 flights, including US Army activity. A 105,000-square-foot Dallas-area factory is scheduled to begin serial production in the first quarter of 2027 and ramp toward 5,000 weapons annually, supported by facilities in Saxony and northern Israel. Current work includes an Army testing agreement and an approximately $70 million Navy Rapid Capabilities Office effort for Maritime Anthem, while some customers remain undisclosed.