Anduril’s Chair Consulted With Trump on Revamping US Military

President-elect Donald Trump and his team consulted with Trae Stephens, executive chairman of defense technology startup Anduril Industries Inc., underscoring the incoming administration’s plans to shake up the US military, according to people familiar with the matter.

Trump and other members of his inner circle met Thursday with Stephens to discuss ways to transform the nation’s defense, said the people, who requested anonymity to discuss a private conversation. Stephens, also a partner in Peter Thiel’s venture capital firm Founders Fund, previously worked in support of US intelligence and on Capitol Hill.

Several prominent Silicon Valley venture ...