Defense contractor Anduril is in talks for a new funding round that could value the company at roughly $100 billion, according to reports cited by Defense News and TechCrunch. The proposed valuation would place Anduril in the same competitive tier as major defense firms such as Northrop Grumman and Lockheed Martin, the sources note. TechCrunch reports the figure may represent an increase to about $100 billion, citing Reuters, and characterizes it as more than three times the company’s valuation from a year earlier. Defense News similarly describes the discussions as potentially bringing the company’s valuation to around $100 billion but does not provide additional details on the timing, amount sought, or the specific terms being negotiated. Across the two accounts, the common elements are that Anduril is pursuing or discussing a fresh round of private funding, that the valuation being discussed is near $100 billion, and that this would represent a substantial increase compared with its prior valuation referenced in the reporting. Neither source specifies whether the funding will be completed or announces the investors involved.