Anduril Industries ECONOMIC

Target: Anduril Industries Domain: Economic - Economic Forensics Research date: 21 October 2026 Geographic focus: Israel and territories occupied since 1967 Evidence period: 2017–2026 Research status: Expanded audit incorporating prior findings and October 2026 research

Supply Chain & Sourcing Relationships

1.1 Direct Supplier Relationships

Israeli agricultural suppliers: no public evidence identified of Anduril purchasing agricultural products from Mehadrin, Hadiklaim, Galilee Export, Agrexco successors, or other Israeli agricultural exporters.

Israeli defence-technology suppliers: Calcalist reported on 20 February 2026 that Israeli company ASIO had signed an agreement to supply components for Anduril’s advanced unmanned aircraft. The report described ASIO as participating in the organisation of Palmer Luckey’s meetings with Israeli defence startups, alongside Israel’s Directorate of Defense Research and Development.¹

Calcalist’s 21 June 2026 reporting again identified ASIO among Israeli companies with which Anduril had signed agreements, describing the intended supply of drone components.²

ASIO agreement value: no public evidence identified.

ASIO purchase orders, payment amounts, and completed deliveries: no public evidence identified.

Israeli manufacturing origin of individual supplied components: No independently verified manufacturing-location record identified.

On 2 June 2026, Elbit Systems of America announced a strategic teaming agreement with Anduril to propose the SIGMA artillery system for a US Army programme. Inside Defense reported that the arrangement envisaged integration of Anduril’s Lattice software and battle-management capabilities. Elbit America is a subsidiary of Israel-based Elbit Systems, with SIGMA manufacturing identified in South Carolina.³

Completed procurement payments or production deliveries under the Elbit agreement: no public evidence identified.

1.2 Importer of Record Structure

No public evidence identified of an Israeli importer-of-record entity owned by Anduril.

No public evidence identified of Israeli customs registrations, import declarations, or dedicated import companies controlled by Anduril.

The reported ASIO component-supply agreement does not disclose the importer of record, customs arrangements, shipping terms, or title-transfer structure.¹

1.3 Seasonal Sourcing Patterns

No public evidence identified of recurring seasonal purchases of Israeli agricultural products.

No public evidence identified of December–April agricultural procurement patterns involving Anduril.

1.4 Third-Party and Indirect Sourcing

The February and June 2026 Calcalist reports identify ASIO as a prospective component supplier and describe Anduril’s interest in incorporating Israeli defence technologies into its commercial relationships.^{1, 2}

The June 2026 agreement with Elbit America establishes a separately reported defence-industrial relationship involving a US subsidiary of an Israeli manufacturer.³

No public evidence identified of Israeli agricultural distributors, white-label food products, or settlement-origin consumer goods within Anduril’s supply chain.

Settlement-linked subcontractors or component origins: no public evidence identified.

Product Origin, Labeling & Regulatory Compliance

2.1 Settlement-Origin Products

No public evidence identified of Anduril importing, producing, selling, or distributing goods originating from Israeli settlements in the occupied West Bank, including East Jerusalem, or the occupied Golan Heights.

No Anduril-specific settlement-product investigation or regulatory enforcement record was identified.

2.2 Country-of-Origin Labeling

No public evidence identified of enforcement action against Anduril for mislabeling products manufactured in Israeli settlements.

No public evidence identified of Anduril labeling settlement-produced goods as originating within Israel’s internationally recognised territory.

2.3 Corporate Labeling Policy

No public evidence identified of an Anduril policy specifically addressing the origin labeling of goods manufactured in occupied territories.

2.4 Product Categories

Anduril’s disclosed business includes autonomous military systems, unmanned aircraft, defence software, sensors, and associated hardware. Andreessen Horowitz describes its defence-technology operations and identifies the company as a US-established business.⁴

The reported ASIO arrangement relates to components for unmanned aircraft, while the Elbit America agreement concerns artillery systems and battle-management software.^{1, 3}

No public evidence identified of Israeli agricultural or settlement-origin consumer products within Anduril’s product range.

Investment, Capital & Financial Exposure

3.1 Foreign Direct Investment in Israel

On 21 June 2026, Globes reported that Anduril was examining establishment of Israeli operations focused on Ministry of Defense sales, research and development, and cooperation with local defence companies. The company was reportedly considering both acquisitions and organic expansion.⁵

Calcalist independently reported on 21 June 2026 that Anduril was examining recruitment of local personnel, development operations, investment opportunities, and Israeli startup partnerships.²

On 30 June 2026, Calcalist reported that Anduril was progressing towards a permanent Israeli presence intended to support relationships with the Ministry of Defense, technology development, and possible acquisitions.⁶

Completed Israeli acquisitions, factories, laboratories, offices, or property investments: no public evidence identified.

Verified capital expenditure in Israel: no public evidence identified.

3.2 Research and Development Facilities

Globes reported in June 2026 that Anduril intended to undertake Israeli research and development activity as part of its market-entry strategy.⁵

Calcalist separately described plans to establish local development capabilities and recruit Israeli employees.²

Operating Israeli R&D facility: no public evidence identified.

Israeli R&D budget, employees, equipment purchases, or laboratory address: no public evidence identified.

3.3 Acquired Israeli Subsidiaries

Completed acquisition of an Israeli operating company: no public evidence identified.

Anduril acquired Boston-based Dive Technologies in February 2022. The acquisition expanded its autonomous underwater vehicle capabilities and was described in a corporate announcement reproduced by Naval News.⁷

The established historical acquisition record also includes Area-I, Adranos, Blue Force Technologies, and American Infrared Solutions. The earlier audit identified these as US operating businesses; no acquired Israeli company was established through those transactions.

Kela Technologies

Globes reported on 17 June 2026 that Palmer Luckey had considered acquiring Israeli defence startup Kela Technologies. According to the report, Kela’s founders rejected the proposed acquisition and intended to maintain the company’s independence.⁸

Completed Kela acquisition: Disconfirmed by the contemporary reporting of rejection.⁸

Executed acquisition agreement, purchase price, controlling shareholding, or completion date: no public evidence identified.

LiteVision

Calcalist reported in June 2026 that Anduril had expressed interest in Israeli startup LiteVision, which develops camera systems for unmanned aircraft.²

Globes reported on 17 February 2026 that LiteVision had attracted approximately $8 million in initial financing involving 8VC, Kinetica, Q-Fund, and 10D. The report did not identify Anduril Industries as an investor.⁹

The Israel Innovation Authority identifies LiteVision-EO, registration number 517155560, as an Israeli defence-related electro-optical technology company established in 2025.¹⁰

Completed acquisition or investment by Anduril in LiteVision: no public evidence identified.

Anduril ownership percentage: no public evidence identified.

Other Israeli Startups

Calcalist reported that Luckey met representatives of approximately ten Israeli defence startups in February 2026, including Kela, Smart Shooter, Oz, Skana Robotics, Regulus, Magnus Metal, eyesAtop, and AriEV.^{1, 2}

Completed Anduril acquisition of any company identified solely through these meetings: no public evidence identified.

3.4 Parent and Beneficial Ownership

Anduril was established in the United States in 2017. Andreessen Horowitz identifies Costa Mesa, California, as its corporate location and records participation in the company’s financing, including the May 2026 Series H round of $5 billion at a $61 billion valuation.⁴

Israeli majority ownership: no public evidence identified.

Israeli parent company: no public evidence identified.

Israeli controlling beneficial shareholder: no public evidence identified.

Comprehensive current shareholder register: no public evidence identified.

3.5 Controlling Principals and Personal Investments

Traysar - June 2026 Financing

On 16 June 2026, Traysar announced a $25 million seed financing led by Silent Ventures. Named participating organisations included Lux Capital, Ora Global, NeverLift VC, Mana, Impatient Ventures, New Vista, and Entrée Capital. The announcement also identified participating angel investors, including founders associated with Anduril and Erebor.¹¹

Traysar distributed the announcement through PR Newswire on 16–17 June 2026, repeating the financing amount and description of founder-associated investors.¹²

Globes reported on 1 July 2026 that Anduril-associated individuals had made private investments in Traysar, which it described as an Israeli-US defence-technology company. The article identified Palmer Luckey, Brian Schimpf, Trae Stephens, Matt Grimm, and Joseph Chen as possible investors without confirming any individual’s participation.¹³

A reproduction of the Globes report published by Traysar likewise left the individual identities unresolved.¹⁴

Tectonic Defense reported on 22 June 2026 that Traysar CEO Yadin Soffer declined to confirm whether Palmer Luckey had invested personally.¹⁵

Participation by unnamed Anduril-associated founders: Confirmed at the level of Traysar’s financing announcement.¹¹

Palmer Luckey - individually verified investment: no public evidence identified.

Brian Schimpf - individually verified investment: no public evidence identified.

Trae Stephens - individually verified investment: no public evidence identified.

Matt Grimm - individually verified investment: no public evidence identified.

Joseph Chen - individually verified investment: no public evidence identified.

Individual investment amounts: no public evidence identified.

Investment vehicles or family-office structures: no public evidence identified.

Individual equity percentages or securities classes: no public evidence identified.

Board appointment rights, voting rights, or other contractual protections: no public evidence identified.

Anduril Industries as a direct corporate shareholder of Traysar: no public evidence identified.

The disclosed $25 million represents Traysar’s entire financing round and cannot be attributed to Anduril-associated investors individually or collectively.^{11, 12}

Traysar’s Israeli Economic Footprint

Traysar’s June 2026 announcement identifies Austin, Texas, as its headquarters and names Yadin Soffer, Asher Katz, and Gilad Adin among its founders.¹¹

Globes described Traysar as an Israeli-US defence technology company developing systems for underground military activity.¹³

Military.com reported in July 2026 that Traysar cofounder Asher Katz described prototype testing inside a tunnel in Gaza. The interview also identified testing activity near Lockhart, Texas.¹⁶

Officially verified Israeli subsidiary ownership structure: no public evidence identified from an accessible official registry record.

Israeli subsidiary workforce, payroll, or manufacturing expenditure: no public evidence identified.

Direct transfer of Anduril-associated investor capital to Israeli operations: no public evidence identified.

Use of those investors’ funds for the reported Gaza testing: no public evidence identified.

Investment Continuity

Traysar’s June 2026 announcement establishes participation by unnamed founders associated with Anduril in the completed financing.¹¹

Continuing beneficial ownership by any named Anduril principal on 21 October 2026: no public evidence identified.

Verified disposal, cancellation, redemption, or transfer: no public evidence identified.

Current shareholder register identifying individual Anduril-associated investors: no public evidence identified.

3.6 Portfolio and Fund Exposure

No public evidence identified of Anduril Industries holding Israeli sovereign bonds, Israel Bonds, Israeli-listed securities, or a disclosed portfolio of Israeli-domiciled companies.

No public evidence identified of Anduril underwriting Israeli sovereign debt or financing settlement infrastructure.

The February 2026 LiteVision financing was attributed to 8VC and other funds. The available evidence does not identify an investment by Anduril itself.⁹

3.7 Other International Investments

No public evidence identified connecting Anduril’s other international commercial arrangements to Israeli acquisitions, settlement finance, or Israeli ownership of Anduril.

3.8 Anduril–Elbit America Commercial Arrangement

Inside Defense reported on 3 June 2026 that Elbit Systems of America had announced a strategic teaming agreement with Anduril to propose the SIGMA artillery platform for the US Army’s Mobile Tactical Cannon programme. The arrangement contemplated integration of Anduril’s Lattice software and associated autonomy capabilities.³

The reporting identified Elbit America as a subsidiary of Israel-based Elbit Systems and described US manufacturing at Charleston, South Carolina.³

Executed programme award specifically attributable to the teaming agreement: no public evidence identified.

Payments between Anduril and Elbit America: no public evidence identified.

Royalties or distributions from the programme to Elbit Systems’ Israeli parent: no public evidence identified.

Completed programme deliveries attributable to Anduril’s participation: no public evidence identified.

Quantified realised Israeli economic benefit: no public evidence identified.

Operational Presence & Market Activity

4.1 Israeli Market Entry

Globes reported on 21 June 2026 that Anduril was preparing Israeli operations involving Ministry of Defense sales, research and development, and possible investments.⁵

On 28 June 2026, Globes reported that Anduril CEO Brian Schimpf would lead a delegation to Israel to pursue defence-industry cooperation and prospective government sales.¹⁷

Calcalist reported that Palmer Luckey had visited Israel in February 2026 and met Israeli defence startups through arrangements involving the Defence Ministry’s research and development directorate.¹

The June 2026 reports establish active market-development efforts and engagement with Israeli defence-industry participants.^{17, 2}

Executed Israeli Ministry of Defense sales contract: no public evidence identified.

Verified Israeli sales revenue: no public evidence identified.

4.2 Israeli Management

On 22 June 2026, Globes reported that former Israeli Air Force commander Amikam Norkin was being considered to lead Anduril’s Israeli operations.¹⁸

On 30 June 2026, Calcalist identified Norkin as a leading candidate for the position.⁶

On 1 September 2026, Globes reported that Norkin had been selected. Its article stated that the appointment had not yet been officially announced.¹⁹

Signed employment agreement: no public evidence identified.

Confirmed commencement of employment: no public evidence identified.

Remuneration, salary, or equity award: no public evidence identified.

Israeli payroll registration attributable to the appointment: no public evidence identified.

4.3 Physical Footprint

Globes reported in June 2026 that Anduril was interested in establishing an Israeli factory but that land acquisition had not begun.¹⁸

Calcalist reported plans for a permanent Israeli presence, recruitment of local personnel, and potential development operations.^{2, 6}

Verified Israeli office address: no public evidence identified.

Completed Israeli factory: no public evidence identified.

Operating Israeli laboratory: no public evidence identified.

Israeli warehouse or logistics centre: no public evidence identified.

Anduril premises in Israeli settlements: no public evidence identified.

4.4 Employment and Tax Contribution

No public evidence identified of verified Anduril employee numbers in Israel.

No public evidence identified of Israeli corporation-tax payments, VAT registration, or payroll-tax contributions attributable to Anduril.

No public evidence identified of Anduril holding Israeli Preferred Technology Enterprise status.

4.5 Israeli Market Positioning

Globes’ June 2026 reports describe Anduril’s Israeli expansion ambitions as involving government procurement, defence-industry cooperation, and research and development.^{5, 17}

Calcalist reported interest in Israeli startup investments, acquisitions, and component-supply relationships.²

Established Israeli revenue-market ranking: no public evidence identified.

Israeli market share or order backlog: no public evidence identified.

4.6 Government Contracts and Relevant Capabilities

Anduril’s investor profile identifies the company as a supplier of autonomous systems and defence technologies to the United States and allied governments.⁴

The June 2026 Elbit America agreement concerns a proposed US Army programme and does not itself establish procurement by the Israeli government.³

Verified Israeli Ministry of Defense procurement value: no public evidence identified.

Verified Israeli procurement of Lattice, Menace, Pulsar, Fury, or Roadrunner systems: no public evidence identified.

Completed Israeli procurement contract resulting from Anduril’s 2026 market-entry activity: no public evidence identified.

4.7 Settlement-Related Market Activity

No public evidence identified of Anduril providing commercial products or services directly to a named Israeli settlement authority, municipality, industrial zone, or settlement business.

No public evidence identified of Anduril receiving settlement-derived revenue.

No public evidence identified of Anduril-owned systems installed at an identified Israeli settlement.

Traysar’s reported Gaza testing concerns a separately operated company. The reviewed sources do not establish that Anduril Industries owned Traysar or participated corporately in the testing.^{11, 16}

Corporate Structure & Foundational Ties

5.1 Founding History

Andreessen Horowitz identifies Anduril as a US defence-technology company established in 2017 and headquartered in Costa Mesa, California.⁴

No public evidence identified that Anduril was founded or originally incorporated in Israel.

No public evidence identified that Anduril originated as an Israeli business subsequently acquired by US investors.

5.2 Headquarters and Domicile

Anduril’s investor profile identifies Costa Mesa, California, as its corporate location.⁴

No public evidence identified establishing Israel as its legal domicile, global headquarters, or principal place of management.

No public evidence identified of a legacy Israeli headquarters.

5.3 Israeli-Nexus Factors

Founded in Israel: no public evidence identified. Its documented founding history identifies the United States.⁴

Headquartered or principally managed in Israel: no public evidence identified. Its documented corporate location is California.⁴

Israeli tax residency: no public evidence identified.

Preferred Technology Enterprise status: no public evidence identified.

Beneficial ownership or control by Israeli capital: no public evidence identified.

Israeli commercial activity: Calcalist reported an ASIO supply agreement, Israeli startup meetings, and investment interest during 2026.^{1, 2}

Israeli operating expansion: Globes and Calcalist documented plans for an Israeli business, local leadership, research activities, and possible manufacturing during June–September 2026.^{5, 19, 6}

Founder-associated Israeli investment: Traysar announced a financing involving unnamed Anduril-associated founders, while Globes characterised Traysar as an Israeli-US business.^{11, 13}

5.4 State and Institutional Linkages

Calcalist reported that Palmer Luckey’s February 2026 meetings with Israeli defence startups were facilitated by the Israeli Ministry of Defense’s research and development directorate and ASIO.¹

Globes reported that Brian Schimpf’s June 2026 visit involved engagement with Israeli Ministry of Defense officials and defence companies.¹⁷

The June 2026 Elbit America agreement establishes commercial cooperation with a subsidiary of an Israeli defence manufacturer.³

Israeli government equity ownership of Anduril: no public evidence identified.

Israeli government-appointed director: no public evidence identified.

Israeli statutory critical-infrastructure designation: no public evidence identified.

Executed Israeli government procurement award: no public evidence identified.

5.5 Structural Governance Features

No public evidence identified of Israeli government golden shares, special voting rights, charter restrictions, or ownership controls governing Anduril.

No public evidence identified of an Israeli state veto over Anduril’s corporate decisions.

5.6 Group Attribution

Anduril’s established acquisition history includes US businesses such as Dive Technologies, acquired in 2022.⁷

The 2026 Elbit America agreement establishes commercial cooperation with an Israeli-owned corporate group, without establishing common ownership between Anduril and Elbit Systems.³

Traysar’s financing included unnamed Anduril-associated founders. Its announcement does not identify Anduril Industries itself as a corporate investor.¹¹

Calcalist’s reporting documents Israeli startup meetings, an ASIO supply arrangement, and interest in LiteVision.^{1, 2}

The investment reported in LiteVision was made by 8VC and other investors, without evidence of direct Anduril corporate participation.⁹

Acquired Israeli subsidiary: no public evidence identified.

Israeli controlling parent: no public evidence identified.

Anduril-controlled Traysar subsidiary: no public evidence identified.

5.7 Temporal Continuity

The reported ASIO component-supply agreement, Kela acquisition approach, LiteVision investment interest, Traysar financing, Elbit America teaming agreement, and Israeli market-entry activity all occurred during 2026.^{1, 8, 2, 11, 3}

These events occurred after the International Court of Justice advisory opinion of 19 July 2024 and the International Criminal Court arrest warrants issued in November 2024. The dated reporting establishes commercial engagement after those milestones but does not independently verify completed settlement-specific transactions.^{1, 2}

Continuing individual beneficial ownership of Traysar investments through 21 October 2026: no public evidence identified.

Continuing paid operation of an Anduril Israeli office through 21 October 2026: no public evidence identified.

Profit Repatriation & Economic Contribution

6.1 Israeli Revenue Attribution

Globes reported in June 2026 that Anduril was pursuing Israeli defence procurement opportunities and cooperation with local companies.^{5, 17}

Calcalist reported the existence of an ASIO component-supply agreement and broader interest in Israeli commercial relationships.^{1, 2}

Revenue recognised from Israeli customers during 2024–2026: no public evidence identified.

Revenue attributed to Israeli government contracts: no public evidence identified.

Revenue attributable to the ASIO agreement: no public evidence identified.

Revenue attributable to the Elbit America teaming agreement: no public evidence identified.

6.2 Profit Flows

No public evidence identified of dividends, royalties, management fees, or transfer-pricing arrangements involving an Israeli Anduril subsidiary and its US parent.

No public evidence identified establishing that Anduril’s worldwide profits are repatriated to Israel.

No public evidence identified quantifying payments by Anduril to Israeli suppliers, including ASIO.

No public evidence identified of royalties or distributions arising from the Elbit America arrangement being transferred to Elbit Systems’ Israeli parent.

6.3 Traysar Financing and Israeli Capital Flows

Traysar announced a $25 million seed financing in June 2026 and included unnamed Anduril-associated founders among participating investors.¹¹

Traysar identifies Austin, Texas, as its headquarters, while Globes described the company as having an Israeli-US business identity.^{11, 13}

Military.com reported in July 2026 that Traysar had undertaken prototype testing in a tunnel in Gaza, according to cofounder Asher Katz.¹⁶

Total capital contributed by Anduril-associated founders: no public evidence identified.

Capital transferred from those investors to Israeli operations: no public evidence identified.

Israeli employee expenditure funded by those investors: no public evidence identified.

Israeli property or manufacturing expenditure funded by those investors: no public evidence identified.

Israeli profits or distributions received by Anduril-associated investors: no public evidence identified.

6.4 Israeli Economic Ecosystem Role

Calcalist documented Anduril’s February 2026 engagement with Israeli defence startups and the reported ASIO component-supply agreement.¹

Globes subsequently reported intended Israeli procurement activity, research and development, local leadership, and manufacturing ambitions.^{5, 18, 19}

The Elbit America teaming agreement identifies an additional commercial relationship with an Israeli-owned defence group, although its disclosed programme concerns US military procurement.³

Contribution to Israeli GDP: no public evidence identified.

Israeli employment contribution: no public evidence identified.

Israeli tax contribution: no public evidence identified.

Verified position as a major Israeli defence contractor or national infrastructure provider: no public evidence identified.

6.5 Settlement Economy

No public evidence identified of Anduril generating revenue from Israeli settlement agriculture, construction, real estate, tourism, utilities, banking, or resource extraction.

No public evidence identified of Anduril financing settlement infrastructure.

No public evidence identified of the June 2026 Traysar financing being allocated to settlement operations.

No independently verified Anduril-specific entry in the OHCHR settlement-business database was identified.

6.6 Financing the Israeli State

No public evidence identified of Anduril underwriting Israeli sovereign bonds or distributing Israel Bonds.

No public evidence identified of Anduril purchasing Israeli government debt.

No public evidence identified of direct Anduril lending to OHCHR-listed settlement businesses.

No public evidence identified of Anduril providing insurance underwriting for Israeli state, military, or settlement operations.

No public evidence identified establishing that Traysar investments by unnamed Anduril-associated founders constituted Israeli sovereign financing.

6.7 Additional Evidence Gaps

Completed Israeli Ministry of Defense procurement agreements: no public evidence identified.

Verified Israeli contract payments or revenue: no public evidence identified.

Israeli corporate income-tax liabilities: no public evidence identified.

Completed Israeli manufacturing investment: no public evidence identified.

Operating Israeli subsidiary: no public evidence identified.

Confirmed commencement of Amikam Norkin’s paid employment: no public evidence identified.

ASIO component-contract price and fulfilment records: no public evidence identified.

Completed acquisition of Kela: Disconfirmed by contemporary reporting of the founders’ rejection.⁸

Completed investment or acquisition involving LiteVision: no public evidence identified.

Individual Anduril founders participating in Traysar’s financing: no public evidence identified identifying specific persons.

Individual Traysar investment amounts and ownership percentages: no public evidence identified.

Continuing ownership through 21 October 2026: no public evidence identified.

Completed Elbit America programme payments: no public evidence identified.

Direct economic transfers from the Elbit America arrangement to Israel: no public evidence identified.

Direct settlement transactions: no public evidence identified.