# Anduril CEO Defends Federal Contracts, Citing Growth Under Biden By John Kim Canonical URL: https://www.tokenpost.com/news/business/32945 Published: 2026-10-16T02:04:22.000Z Updated: 2026-10-16T02:04:22.000Z Section: Business > Co-founder Palmer Luckey is a co-director of Project Meridian. Anduril’s disclosures include a Navy contract worth up to $2.9 billion and an Army contract with a $20 billion ceiling. Anduril CEO Brian Schimpf defended the company’s federal work Thursday, saying it grew during Joe Biden’s presidency as co-founder Palmer Luckey took a leadership role in a Pentagon review of future warfare. In an Oct. 15 interview, Schimpf said, “We’ve done incredibly well under Biden.” He called the period “one of the biggest ramps that we’ve had as a company” and described himself as a lifelong Democrat with relationships across party lines. On government awards, he said, “Everything goes through these very competitive processes, and we win based on the merits.” Luckey is a co-director of [Project Meridian, a Pentagon study of future warfare](). Defense Secretary Pete Hegseth announced the initiative Sept. 30. Elon Musk and Newt Gingrich are also co-directors. The study is examining technologies and military operating concepts for future conflicts. Anduril announced Oct. 6 that the Navy awarded it a contract worth up to $2.9 billion for components for Virginia-class submarines. The company said payments would be tied to demonstrated production results. It also announced a planned $3.7 billion private investment in its Arsenal-2 shipyard. The Navy contract’s stated value is an upper limit, and payments are linked to production outcomes. Anduril described the shipyard investment separately as a planned private commitment. The two figures therefore refer to different parts of the company’s submarine work. A separate Army enterprise contract, awarded in March, has a 10-year maximum potential value of $20 billion. It includes a five-year base period and a five-year option. The Army said the ceiling is not an obligated amount, so it does not represent $20 billion already committed for payment. The Army framework brings together more than 120 earlier procurement actions for Anduril’s commercial offerings. The Army said the framework would not replace competition for future programs. That competition statement applies to the Army framework, while Schimpf’s comments described the company’s broader federal contract record. ## Links in this article - [Project Meridian, a Pentagon study of future warfare](https://www.tokenpost.com/news/technology/25958)