Thiel-backed Covenant to mass-produce deep strike missiles in US, Germany, Israel

Covenant, a Thiel-backed startup, plans to open factories in the US, Germany, and Israel to mass-produce long-range 'deep strike' missiles, aiming to disrupt the traditional defense industrial base. This marks a significant entry of private capital into missile manufacturing, potentially accelerating supply and lowering costs amid heightened European demand for long-range strike capabilities. The move signals a shift in defense procurement dynamics, with startups challenging established primes.