Covenant, founded by Israeli-American entrepreneur Michael Kaufman, has opened a 105,000-square-foot factory in Dallas and plans a second production facility in Saxony, Germany, as it exits stealth mode. The company aims to produce 1,000 Anthem long-range, heavy-payload cruise missiles in Dallas’s first year and scale output to 5,000 annually, while targeting a 5,000-missile production run rate at the German facility during 2028. Serial production and first ground-launched deliveries are expected in early 2027. Anthem is designed to cost less and be faster to manufacture than legacy systems such as the Tomahawk, with a target full-rate price in the mid-six-figure range. Covenant has completed more than 200 test flights since Anthem’s maiden flight in August 2025, raised more than $250 million, and booked approximately $150 million in contracts, including U.S. Department of Defense agreements and one European contract.