Privately held defense stock Anduril Industries is shaking up the defense industry. Palmer Luckey, co-founder of the company, ...

The initial budget for IVAS was set at $21.9 billion. Anduril will now assume control of the contract. While Microsoft is being removed as the prime contractor, it is not being kicked off the project.

COSTA MESA, Calif., and REDMOND, Wash. — Feb. 11, 2025 — Microsoft Corp. and Anduril Industries, a leader in defense technology, today announced an expanded partnership to drive the next phase ...

Feb 11 (Reuters) - Palmer Luckey-founded defense tech startup Anduril will take over the development and production of Microsoft's (MSFT.O), opens new tab mixed-reality headset program for the U.S ...

Anduril recently passed $1 billion in annual revenue, and a new Army contract could triple its annual revenue. Microsoft currently holds the $22 billion IVAS contract, but is preparing to hand it ...

Anduril Industries, Palmer Luckey's defense-tech startup, will take over Microsoft's multibillion-dollar augmented reality headset program with the U.S. Army, the companies said. The partnership ...

In a shocking development, Anduril announced earlier this month that it is partnering with Microsoft (NASDAQ: MSFT) to develop an Integrated Visual Augmentation System (IVAS) for the U.S. Army.

Anduril Industries, Palmer Luckey's defense-tech startup, will take over Microsoft's multibillion-dollar augmented reality headset program with the U.S. Army, the companies announced Tuesday.