Anduril set to acquire Orange County space surveillance company

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Southern California defense tech darling Anduril Industries has struck a deal to buy Orange County space surveillance firm ExoAnalytic Solutions.The purchase for an undisclosed sum is meant to boost Anduril’s capabilities in space domain awareness, battle management and fire control.With the deal, Anduril will absorb ExoAnalytic’s network of 400 commercial telescopes around the world, missile defense software and simulation and tracking algorithms.

Business A dispute over reforms to an SBA program that funds startups has cut the flow of seed money to Southern California’s defense tech firms.It will “significantly scale the impact that we will be able to provide for national security missions,” the company said in a statement Tuesday announcing it had signed a “definitive agreement” to acquire ExoAnalytic.“With Exo onboard, Anduril will ensure that our warfighters have the tools required to maintain comprehensive situational awareness of the space domain, delivering a decisive advantage to counter rapidly-evolving threats,” the statement read.

Anduril, which develops drones, missiles, robotic submarines and autonomous fighter jets, was founded in 2017 by Peter Thiel protégé Palmer Luckey.Its Costa Mesa headquarters are located in the shell of a former printing press for the Los Angeles Times.The company plans to break ground on a sprawling $1-billion campus near the Long Beach Airport by midyear.In 2025, the company announced plans to spend $1 billion on its first “Arsenal” manufacturing plant in Ohio.

Hollywood Inc.Venture capital investments in the L.A.

region totaled $5.8 billion in the second quarter, more than double the amount from a year ago, according to a report from research firm CB Insights.Costa Mesa-based Anduril raised the most, with a $2.5-billion funding round.The company was valued at $30.5 billion last year and had more than 6,000 empl...