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Anduril co-founder Trae Stephens: No immediate plans to IPO
CNBC Television· 2025-08-05 21:00
Industry Position & Production Capacity - Andre is now the third supplier of solid rocket motors for the United States, joining L3 Harris and North of Grumman [1] - Andre is opening a full-rate manufacturing facility in Mississippi, aiming to produce 6,000 tactical motors per year by the end of 2026 [1][5] - The new facility addresses supply chain issues within aerospace and defense, particularly the need to stockpile or replenish weapons [3][4] - The company has a 5 million square foot manufacturing facility in Ohio called Arsenal 1, and the SRM facility is another component of building up supply chain and production capacity [10] Customer & Partnership - Andre has partnerships with European partners, the Navy, and the Army to supply rocket motors to both existing and new platforms [7] - The company is already building to fulfill orders [7] Business Expansion & Future Plans - Andre is ramping up quickly on solid rocket motor platforms and other business units, including counter intrusion systems and collaborative combat aircraft (CCA) [9] - The company is working on CCA (collaborative combat aircraft) with the United States Air Force, which is essentially an autonomous fighter plane [9]