Published on: 2025-06-16 07:00:00
As for cost, each Army Leonidas unit currently runs in the “low eight figures,” Lowery told me. Defense contract pricing can be opaque, but Epirus delivered four units for its $66 million initial contract, giving a back-of-napkin price around $16.5 million each. For comparison, Stinger missiles from Raytheon, which soldiers shoot at enemy aircraft or drones from a shoulder-mounted launcher, cost hundreds of thousands of dollars a pop, meaning the Leonidas could start costing less (and keep shoot
Keywords: defense epirus microwave new raytheon
Find related items on AmazonPublished on: 2025-11-01 22:01:00
Defense tech startup Epirus, which specializes in anti-drone systems, has raised an oversubscribed $250 million Series D, it told TechCrunch. Epirus, based in Torrance, California, was previously valued at $1.35 billion for its $200 million Series C in 2022, per its announcement at the time. Epirus did not give a specific valuation for this round, but confirmed to TechCrunch that it is over $1 billion. (Bloomberg reported in January 2025 that Epirus was raising this round at a lower valuation t
Keywords: billion epirus million round series
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