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US Startup Backs German-Made Missile

September 14, 2026

2 min read

Key Takeaways

Covenant develops Anthem, a US cruise missile made in Germany.
Production aims for 5,000 missiles per year by 2028.
First European customer signed, with less than 5% non-EU components.
Target price is in the mid-six figures.

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Strategic Implications

This development may indicate growing demand for arms with reduced reliance on US components, which could shift the global defense landscape. The European Union's SAFE program suggests a preference for locally sourced equipment, which may benefit companies like Covenant with European production lines.

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What Happened

Florida Investor Supports European Production Line

A US startup, Covenant, is developing a cruise missile called Anthem, which will be produced in a factory in Saxony, Germany, with the goal of producing 5,000 missiles per year by 2028. The company, backed by a Palm Beach investor, aims to reduce its reliance on US components to zero, targeting European customers who prefer locally sourced equipment. This move may signal a shift in the global defense industry, with companies seeking to establish production lines in Europe to meet growing demand. The development was reported by Florida Politics.

Source | Originally Published: September 13, 2026

Companies Mentioned