Two 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. Tomahawk

Silicon Valley-backed startup's reveal comes as US works to restock depleted inventories after Iran war; Germany, Israel, US sites aim for output of 12,000 missiles annually

Founded in 2024, Covenant is speeding up lower-cost missile manufacturing for the U.S. military.