A turning point at the Pentagon: Anduril’s new mega‑deal rewrites the rules for Silicon Valley—and raises new risks

Tech defense startups doing business with the U.S. military could someday look back at March 2026 as the month their relationships moved into the serious phase. Instead of dabbling in limited pilot projects with the startups, the Pentagon is starting to place big bets on a select few of these companies, writing them into core missions with the kind of fixed-priced deals that have long been standard among established defense contractors.

Last week, the U.S. Army announced an enormous...