Anduril closes $2.5 billion fundraise as Ohio’s Arsenal-1 project gains momentum

Defense technology company Anduril Industries has secured $2.5 billion in a Series G funding round, elevating its valuation to $30.5 billion. This significant investment comes as the development of Arsenal-1, Anduril's advanced manufacturing facility in Pickaway County, Ohio continues to pick up steam.

Founders Fund led the $2.5 billion round with a $1 billion investment. It is the largest single check the firm has ever written.

Why it matters

Arsenal-1 is poised to become a cornerstone in modernizing U.S. defense manufacturing. The facility will produce autonomous systems and advanced weaponry, reinforcing Ohio's position as a leader in aerospace and defense innovation.

The details of Ohio’s Arsenal-1

• Location: Pickaway County, near Rickenbacker International Airport.

• Size: 5 million square feet on a 500-acre site.

• Jobs: Projected to create over 4,000 jobs by 2035, marking it as Ohio's largest single job-creation project.

• Production Start: Expected to commence by July 2026.

• Products: Focus on autonomous drones and advanced defense systems, including the Barracuda cruise missile and Roadrunner interceptor.

The big picture

Anduril's investment in Ohio reflects a broader trend of revitalizing U.S. manufacturing hubs. With Arsenal-1, Ohio is set to play a pivotal role in advancing national defense capabilities and fostering economic growth through high-tech job creation.