Anduril’s ‘hunter-killer’ drone strategy targets low-cost Iranian threats without high price tags

Swarms of low-cost Iranian drones are rewriting the rules of war, but one U.S. defense contractor says it can mass-produce autonomous military systems to match them at a fraction of the traditional cost.

"Our adversaries are not coming at us with $10-plus million fighter planes, necessarily. They're coming at us with very, very low-cost munitions," Trae Stephens, co-founder and executive chairman of Anduril Industries, told "Mornings with Maria" Tuesday.

The challenge, he said, is...