Current sectionIsrael NewsIsrael SecurityTwo years after being founded in secrecy, U.S.-based Covenant, which has major operations in Israel, has gone public with $250 million in funding. 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 publicly revealed details of its operation 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 Sanctions Israel-U.K.EisenkotJD VanceBen-GvirGazaIsrael ElectionHaQuizHaaretz PodcastJohn Malkovich Cancels Israel Performance Over Quotes Falsely Attributed to HimTrump: Iran War Will End 'Immediately' After the U.S. Midterm ElectionDenisovan Culture Revealed in Bat Cave in ChinaU.S. Jewish Umbrella Group Condemns Import Ban on Goods From Israeli SettlementsEarliest Known Drug Use and Its Consequences Discovered in IndonesiaRemembering 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'Netanyahu Was Warned About October 7. Will Haaretz's Exposé Change Anything?Water Crisis Triggered by Gaza's Ruin: Israel Is Paying the Price of DestructionNetanyahu Says He Will Sue Haaretz Following Oct. 7 ExposéMore Stories to Explore