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☆ Defense tech companies like Anduril hope Trump can streamline military contracts
▼ + stars: | 2024-11-16 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Others in the defense industry are less optimistic. Tech billionaire Palmer Luckey's bet on the defense industry is paying off at Anduril, the drone-making company he founded. AdvertisementSacknoff said that procurement reform in the defense industry is not a new concept and that the Defense Department is always restructuring its contracting process. Richard Aboulafia, managing director at AeroDynamic Advisory, a consulting firm, said that reforming the defense industry will take time. AdvertisementSacknoff said the military defense business is always looking for a "counter" to the newest technology and that the growth of autonomous drones would likely bring more innovations to stop them.

Persons: Palmer Luckey, Anduril, Palmer Luckey's, Donald Trump's, Brian Schrimf, Schrimpf, Scott Sacknoff, Sacknoff, Richard Aboulafia, Abaulafia, DefenseScoop, Tesla, Eric Schmidt, Schmidt Organizations: Tech, Yahoo, Spade, Defense Department, Teledyne, Defense, Google Locations: Anduril, United States, Saudi Arabia

☆ Palmer Luckey and other defense tech leaders see Trump's victory as a win for the industry
▼ + stars: | 2024-11-10 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +4 min

Defense tech startups are anticipating growth under Trump's second term. AdvertisementSome leaders in the defense tech industry, including Anduril cofounder Palmer Luckey, think that defense tech startups are poised for success during president-elect Donald Trump's second term. Over the last decade, Silicon Valley has made waves in the defense tech industry. Some of the defense tech industry's optimism for Trump's victory lies in SpaceX founder Elon Musk's proximity to the president-elect and his vice president, JD Vance, Forbes reported. Luckey told Bloomberg that Musk has "outperformed every reasonable expectation."

Persons: Palmer Luckey's Anduril, Elon Musk's, Vance, —, Palmer Luckey, Donald Trump's, Luckey, Anduril, Biden, Elon, JD Vance, Forbes, Nathan Mintz, Musk, it's, Donald Trump, Brian Schimf Organizations: Defense, Trump, Service, Meta, Teledyne, Defense Department, Bloomberg, SpaceX, Elon, Forbes, Republican, United Locations: United States

☆ North Korea's new drones use a 'reverse-engineered copy' of Hellfire missiles from the MQ-9 Reaper, US Army general says
▼ + stars: | 2024-10-16 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

North Korea is copying the American Hellfire missile, US Army Brig. Pyongyang previously unveiled two drones that looked suspiciously like the MQ-9 Reaper and RQ-4 Global Hawk. AdvertisementThe US military is closely watching a new North Korean drone that uses a "reverse-engineered copy" of the Hellfire missile for the MQ-9 Reaper and RQ-4 Global Hawk, a US Army general said on Tuesday. "North Korea recently unveiled a reconnaissance and multirole UAV that employ a reverse-engineered copy of a Hellfire missile, similar to an RQ-4 and MQ-9," Brig. If the North Korean missiles are, indeed, guided, it's also unknown what system they employ.

Persons: Patrick Costello, —, United States Army Conference . Costello, Costello, Kim Il, it's, general's, David Stewart, Palmer Organizations: missile, US, Service, Hellfire, US Army, of, United States Army Conference, North Korean, Korean Central News Agency, Korea News Service, Korean, The Defense Department, US Special, Command, Pentagon, Business Locations: Korea, Pyongyang, Brig, North Korea, West, Ukraine

☆ Palmer Luckey's Anduril debuts autonomous attack drone in new video
▼ + stars: | 2024-10-11 | by ( Kenneth Niemeyer | ) www.businessinsider.com time to read: +3 min

Anduril Industries debuted its AI-powered Bolt-M drone, which fits in a backpack. A new video shows the Bolt-M drone's AI abilities in action. Anduril Industries, cofounded in 2017 by Oculus founder Luckey, unveiled its Bolt and Bolt-M drones in a YouTube video on Thursday. The Bolt drone, seen in the video hovering above targets, is meant to use AI to autonomously track targets. AdvertisementAnduril did not immediately return a request for comment from Business Insider about the Bolt and Bolt-M drone reveal.

Persons: Palmer Luckey, Anduril, —, Palmer, Luckey, Chris Brose, DefenseScoop, Brose, Donald Trump, Meta Organizations: Anduril Industries, Service, Industries, Business, Marine Corps, US Air Force, Department of Defense, Teledyne, Roadrunner, Meta

☆ Billionaire Palmer Luckey's icy relationship with Mark Zuckerberg is thawing 8 years after his Facebook firing
▼ + stars: | 2024-10-04 | by ( Jaures Yip | ) www.businessinsider.com time to read: +5 min

Palmer Luckey and Meta appear to be mending their frayed relationship. The Oculus and Anduril founder recently visited Meta for a demo and signaled he'd be open to working with Mark Zuckerberg. Luckey was fired in 2016 from Facebook amid backlash over funding a billboard mocking Hillary Clinton. AdvertisementEight years after getting fired from Facebook, Palmer Luckey appears to be open to burying the hatchet with Mark Zuckerberg and Meta. https://t.co/SvHbU5qwcn — Palmer Luckey (@PalmerLuckey) October 3, 2024Neither Palmer Luckey nor Meta immediately responded to a request for comment from Business Insider.

Persons: Palmer, he'd, Mark Zuckerberg, Luckey, Hillary Clinton, —, Palmer Luckey, He's, Andrew Bosworth, Zuckerberg, haven't, Donald Trump, Gary Johnson, Anduril, They've, Meta, Bosworth, Theseus, Boz, SvHbU5qwcn — Palmer, Palmer — Organizations: Meta, Facebook, Service, Street, Trump, VR, Industries, Forbes, Pepperdine University, Business Locations: Luckey

☆ Palmer Luckey's buzzy defense firm Anduril is expanding into the space business
▼ + stars: | 2024-10-02 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Palmer Luckey's defense tech startup Anduril is setting its sights on space. AdvertisementDefense tech startup Anduril is fast building a reputation for disrupting the traditional defense industry with its futuristic flying and underwater autonomous devices. Anduril said the mission would "be the foundation for Anduril and Apex's commitment to regularly deploying more mass to orbit. " Last week, the company landed a $25.3 million contract with the US Space Force, a branch of the military established four years ago to protect US interests in space. AdvertisementAnduril has been contracted to expand the use of its artificial intelligence-powered Lattice software on Space Force's Space Surveillance Network (SSN).

Persons: Palmer, Anduril, —, Palmer Luckey, Gokul Subramanian Organizations: Apex, Service, Defense, SpaceX, US Space Force, Surveillance, Space, Engineering, US Air Force, Australia's Navy, Air Force Locations: United States, Anduril's

☆ Billionaire Palmer Luckey takes a victory lap with return to headset world 8 years after getting fired from Facebook
▼ + stars: | 2024-09-19 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's Anduril is bringing its tech to the US Army's Integrated Visual Augmentation System. Luckey, who was ousted from Facebook, added that he is among the smartest people in the VR industry. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Palmer Luckey, the billionaire founder of Oculus VR and Anduril Industries, is bringing his virtual reality software to the military world after inking a new deal announced on Thursday.

Persons: Palmer, Luckey, —, Palmer Luckey Organizations: Facebook, VR, Service, Anduril Industries, US, Business

☆ Welcome to the new Fightertown USA: Inside San Diego's AI-powered unmanned aircraft boom
▼ + stars: | 2024-07-10 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +12 min

But the program has since moved to another station, and its legacy in San Diego is a faint, fond memory. AdvertisementWith such a rich history of aerial dynamism, it's no surprise that San Diego has become a major hub of this technology. Defense, AI, and a warming reception from VCsLong before AI became a household buzzword, Shield AI launched in San Diego. AdvertisementBut San Diego seemed to be a better fit with its access to open land and proximity to the ocean. That pipeline continues to feed into the San Diego tech ecosystem, feeding and driving the aerial innovation it has become known for over a century.

Persons: —, Tom Cruise, Larsen Jensen, Palmer Luckey's Anduril, Brandon Tseng, VCs Long, Tseng, Ryan, presciently, Hivemind, It's, shouldn't, Jensen, Ian Muceus, Muceus, we've, Firestorm's, Firestorm, Glenn Curtiss, Grant Jordan, Andreessen Horowitz, — Jordan, Jordan, SkySafe, Tim Draper, Aleksey Matyushev, Matyushev, Oakland — Natilus, Natilus, General Atomics, Northrop Grumman, Lockheed Martin Organizations: Service, Kawasaki Ninja, hotshot Navy, US Naval Air Station, Business, Navy, Harpoon Ventures, Defense, aha, Navy SEAL, US Department of Defense, Coast Guard, Air Force, Marine Corps, BAT, SpaceX, Marque Ventures, Silent Ventures, US Navy, Soma, Oakland, San Diego International Airport, Brown Field Municipal, Northrop, Lockheed Locations: San Diego, Miramar, Diego's, Diego, Afghanistan, Persian, Israel, Caribbean, Bay, San Diego Bay, West, San Jose, San Francisco, Central Valley, Vallejo, Kona

☆ Billionaire defense entrepreneur Palmer Luckey has a home like a Bond villain's lair — complete with helicopters, a giant fish tank, and an underground missile base filled with video games
▼ + stars: | 2024-05-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +1 min

Palmer Luckey's startup Anduril is producing futuristic weapons of war. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe defense tech startup Anduril is making some of the most futuristic autonomous weapons on the market as it tries to reinvent the military's wheelhouse. But the company's forward-thinking vision hasn't stopped founder Palmer Luckey from amassing his own collection of older military-grade vehicles and boy's toys.

Persons: Palmer, James Bond, Luckey, —, hasn't, Palmer Luckey Organizations: Bloomberg, Service, US Navy, Marine Corps, Business

☆ Palmer Luckey's start-up Anduril just proved it can challenge legacy defense contractors and win
▼ + stars: | 2024-04-26 | by ( Polly Thompson | ) www.businessinsider.com time to read: +3 min

Anduril has just been selected as one of two vendors for a major US air force contract. AdvertisementAnduril Industries, the defense tech startup run by Palmer Luckey, has just been awarded a major contract by the US Air Force, beating out legacy names like Boeing and Lockheed Martin. The Air Force hopes to eventually buy at least 1,000 CAA systems at a cost of $30 million per drone. "I'm confident we're going to deliver on budget and on schedule some really sick AI-powered fighter jets," he added. And the demand is there for them if they can make it: venture capitalists have put more than $100 billion into defense tech since 2021, according to PitchBook data.

Persons: Anduril, Northrup Grumman, Palmer Luckey, —, Lockheed Martin, Atomics, General Atomics Organizations: Boeing, Lockheed, Service, Anduril Industries, US Air Force, Aircraft, Air, Air Force, CAA, Combat Aircraft, CNBC Locations: Anduril, United States of America, …, China, Silicon Valley

☆ A former Facebook exec said he regrets not defending ousted Oculus cofounder Palmer Luckey from a 'witch hunt.' Drama ensued.
▼ + stars: | 2024-04-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

A key former Facebook exec has reignited discussion of Oculus founder Palmer Luckey's 2016 firing. Former Oculus CTO and ex-Meta VR exec John Carmack said on X that he regrets not defending Luckey. Carmack and Luckey joined Facebook after it acquired Oculus, the VR company founded by Luckey in 2012, for $2 billion in 2014. "The culture has changed a lot since you left (internal discussions have to be work focused)," Bosworth replied on X. Business Insider reached out to representatives of Bosworth, Carmack, and Luckey but didn't receive an immediate response.

Persons: Palmer, John Carmack, Andrew Bosworth, Luckey, —, Palmer Luckey —, Carmack, Hillary Clinton, @PalmerLuckey, OTXBBnkK0p — John Carmack, Donald Trump, Clinton, he's, Carmack —, Bosworth, Meta, Forbes, wasn't, I'm Organizations: Facebook, Meta, Service, VR, Wall Street, Business Locations: California

Sept 7 (Reuters) - Defense technology startup Anduril Industries, founded by entrepreneur Palmer Luckey, said on Thursday it acquired autonomous aircraft maker Blue Force Technologies, as it looks to strengthen its autonomous fleet and software capabilities. The deal, whose terms were not disclosed, comes as aerospace companies ramp up their spending on artificial intelligence and autonomous aircraft amid geopolitical uncertainties. North Carolina-based Blue Force designs and manufactures composite aircraft and components. Anduril earlier this year also launched its Lattice for Mission Autonomy, an artificial intelligence-enabled software, used to collaborate teams of autonomous systems during missions under human supervision. Reporting by Abhinav Parmar in Bengaluru and Mike Stone in Washington; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Palmer Luckey, Chris Brose, Fury, Anduril, Luckey, Abhinav Parmar, Mike Stone, Maju Samuel Organizations: Defense, Industries, Blue Force Technologies, Force, Anduril, Reuters, Mission Autonomy, VR, Facebook, Thomson Locations: North Carolina, China, Bengaluru, Washington

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