Thiel-backed defense startup Covenant secures $150M in missile orders

In an era when the sinews of national defense are being tested by the pace of global conflict and the limits of industrial capacity, a private startup called Covenant has stepped into the breach — securing $150 million in orders to produce low-cost missiles for a U.S. military stretched thin by aid commitments and depleted stockpiles. Backed by venture capitalist Peter Thiel, the company represents a philosophical wager that private ambition and market discipline can accomplish what entrenched defense giants have been slow to deliver. With deliveries promised by 2027, the experiment will soon