Current sectionIsrael NewsIsrael SecurityTwo years after being founded in secrecy, U.S.-based Covenant, which has major operations in Israel, has gone public with details of its activities. Its missiles are designed as a low-cost alternative to weapons such as the U.S. TomahawkShare to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeSagi Cohen and TheMarker02:19 PM • September 09 2026 IDTU.S.-based missile startup Covenant has gone public after operating largely in secrecy for two years, revealing details of its weapons technology and saying it has raised more than $250 million from investors. Haaretz has learned that the company was valued at $1.25 billion in its latest funding round.Loading...Click the alert icon to follow topics:Israel high-techIsrael arms exportsIranScience & TechnologyGermanyEuropeIsrael business newsCommentsLoading...In the NewsIn the News: Live UpdatesNetanyahu October 7Settlement SanctionsIsrael-U.K.EisenkotCanadaBen-GvirGazaIsrael ElectionHaQuizHaaretz PodcastIsrael's Algae Crisis: Is 'War Dust' From Gaza Fueling the Crisis?57,000 Israelis Have Left the Country Since Last Rosh HashanahIsrael's High Court Weighs Legality of Voter-tracking Apps Ahead of ElectionCovenant Emerges From Stealth With Plans for Low-cost Cruise MissilesIsrael's Response to U.K. Settlement Sanctions Is a Media-hyped NothingburgerRemembering and rebuilding two years laterICYMINetanyahu Got an Explicit Warning Before Oct. 7. He Didn't Brief Security ChiefsThink Bibi Is Bad? Meet Sara NetanyahuIMDb Replaces the Name Israel With 'The Occupied Palestinian Territories'Water Crisis Triggered by Gaza's Ruin: Israel Is Paying the Price of DestructionNetanyahu Was Warned About October 7. Will Haaretz's Exposé Change Anything?What Did Netanyahu Really Do on the Morning of October 7?More Stories to Explore