Anduril eyes IPO within 2 years as it challenges defense giants

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[Anduril logo outside the company’s headquarters] Anduril Industries hopes to go public within two years as it seeks a larger share of Pentagon spending by encouraging the government to divide defense orders among competing suppliers, Dow Jones reported. Chief Business Officer Matt Steckman said using multiple contractors would spur innovation, accelerate development and encourage reinvestment. The strategy could give Anduril more opportunities to challenge established suppliers such as Lockheed Martin (LMT [https://seekingalpha.com/symbol/LMT]) and RTX’s (RTX [https://seekingalpha.com/symbol/RTX]) Raytheon, even if it means sharing orders.