Untold: Opus Dei - FT long read: The Broker

Episode Date: February 17, 2026

In this special bonus episode from The Financial Times, "The Broker" tells the story of how a failed baseball hopeful and disgraced stockbroker reinvented himself as one of America’s most consequent...ial modern arms dealers.From a family-run warehouse in Virginia Beach, Will Somerindyke built his company into a crucial conduit in the Pentagon’s covert supply chains — sourcing Soviet-era weapons for wars in Syria and Yemen before emerging as a central player in Ukraine’s fight against Russia.As artillery shells became the most sought-after commodity of the war, he placed a multimillion-dollar bet on reviving crumbling Cold War factories in the Balkans, transforming himself from middleman to manufacturer.Based on months of reporting, The Broker traces Somerindyke’s rise through the shadow world of privatised warfare — where geopolitics, profit and personal ambition collide — and reveals how modern conflicts are sustained not only by soldiers on the front lines, but by entrepreneurs who move the weapons behind the scenes.This piece, written by the FT’s Miles Johnson, host of Hot Money Season 2: The New Narcos, was originally printed in FT Weekend. Hosted on Acast. See acast.com/privacy for more information.

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Starting point is 00:00:02 The Broker by Miles Johnson. The Pretes Weapons Factory sits in a narrow valley on the northern edge of Sarajevo, pressed against the steep, forested slopes that rise behind the Bosnian capital. Inside, Cold War-era machines hammer a glowing steel, heated to more than 1,000 degrees Celsius. Factory such as Pretes once produced hundreds of thousands of artillery shells each year for a European land war that never arrived. After the 1990s, many of the Bosnian production lines fell silent. Skilled explosives workers retired and state-owned plants only survived by exporting modest quantities of ammunition to far-away conflicts.
Starting point is 00:00:50 Then, in the spring of 2024, a newly formed American company began buying up shares in Pretis and another Bosnian Arms factory, Venus. The company, Sitco Acquisition LLC, had not. No website, no public staff, and no footprint beyond the US post office box. Through a series of discreet trades on the Sarajevo Stock Exchange, Citco became the largest private shareholder in both factories, second only to the Bosnian government. The purchases attracted little attention, but the few who noticed, wondered who was behind them
Starting point is 00:01:29 and why an unknown American firm was taking positions in one of the Balkans' most sensitive industries. The trail buried deep in layers of corporate filings led back to Virginia Beach, a U.S. coastal city, better known for its boardwalk hotels than for its role in the global arms trade. The Bosnian acquisitions were part of a new global weapons supply chain
Starting point is 00:01:58 being assembled by a 47-year-old former college baseball hopeful, ex-Meraldine stockbroker, and Pentagon Control. contractor called Will Sumerendike. Over the past decade, Washington has built a new architecture for projecting power. Rather than deploy its troops, the U.S. has relied on covert and often privatized supply chains and contractors to equip proxy forces and partners from Syria to Yemen and Ukraine. That means battles are partly fought far away from the front line by a new breed of war entrepreneur, who moves the weapons rather than fires them.
Starting point is 00:02:42 Shaped by pre-2008 crisis boiler and finance and experienced in covert Pentagon logistics operations, Sumerindyke had already turned the small company he founded with his parents into a conduit for supplying ammunition to conflicts where Washington preferred distance. Now in Bosnia, he'd spotted an opportunity to make a leveraged all-in-bet on the modern shape of war.
Starting point is 00:03:10 With Russia's invasion of Ukraine, 155mm rounds, heavy, simple, devastating, had suddenly become, in Sumerndyke's words, the hottest commodity on the planet. In the summer of 1999, Summerandike stood on the sidelines of the stadium of the Norfolk Tides, a Virginia minor league baseball team
Starting point is 00:03:37 watching the pitchers work under the floodlights. He was 21 then, broad-shouldered and six-foot-two. His face had the reassuring geometry of the American ball player. Square jaw, clean lines, sturdy. Under the brim of his cap, his blue eyes followed each pitch until it snapped into the catcher's glove. He observed the player's movements intensely, trying to pick up anything that might save his own wavering career.
Starting point is 00:04:07 Summer and Dyke had grown up on a naval base in Virginia a beach, dreaming of becoming a pro. Plenty of kids in his area fantasized about the majors, but as the son of a Navy chief, he was more disciplined than most. He practiced for hours beneath the roar of U.S. Air Force jets flying sawties overhead. He obsessed over a single pitch, the slider, a ball that deceives the batter by drifting towards the plate and then dropping sharply. After high school, Summer & Dyke enrolled at Christopher Newport University, a small public college in Virginia, and earned a place on his baseball team. Professional scouts would occasionally come to watch him, but his throwing speed was unremarkable, and his record middling. By his senior year, Summer & Dyke knew his chances were fading.
Starting point is 00:04:58 The internship with the tides, he realized, might be his last shot at going pro. During the day, he replaced burnt out bulbs in the scoreboard or crawled under the bleachers to make repairs. On nights like this, he lingered at the edge of the field, studying. Summer and Dyke's pitching wasn't fast enough, but he was convinced of his potential. Eventually, he worked up the courage to approach the Tides coach Rick Waits, a former Major League pitcher, and asked for some advice. Coach Waits is working up a full workout program for me, the young intern told a little. local reporter, and I fully planned to follow it. But the scouts never came back. The following summer, Somerendike found himself on the 11th floor of the Dominion Tower in
Starting point is 00:05:47 Norfolk, sitting in the offices of Merrill Lynch. Fresh out of college and with his baseball dreams over, he needed a job. He had an interview at the Wall Street brokerage whose hard-selling financial advisors were known as the thundering herd. The Merrill executive asked him, What are you going to do if you don't get this job? Well, Summer and Dyke replied, Smith Barney is right across the hall. I'm just going to go work for them and take every Merrill account I can possibly take.
Starting point is 00:06:17 The executive looked at him. You're starting tomorrow. It was the year 2000, the height of the dot-com bubble. New brokers were expected to make hundreds of cold calls a day. Work started at 7am and often ended at midnight. The attrition rate, was so high that nobody bothered to learn a recruit's name until they'd lasted at least six months. Sumerendike thrived.
Starting point is 00:06:43 Making 300 calls a day meant learning to be funny when needed, charming when possible and relentless always. The goal wasn't to get a yes, so much as a void, a no. But the adrenaline of finance couldn't fill the void baseball had left. One day in 2004, over the din of ringing phones, Sumerndyke turned to a colleague and asked, Do you really think we can pull this off? He discovered that a struggling Major League Baseball franchise in Montreal
Starting point is 00:07:14 was looking for a new home. His part of Virginia, one of the largest population centers in the country without a professional team, seemed like a contender. Convincing the league to move the franchise to Virginia Beach was an audacious goal for a 26-year-old with a few years' experience in finance. married by then and with a baby on the way, Summerendike threw himself into the effort.
Starting point is 00:07:40 He said he worked a hundred-hour weeks, slept four hours a night and sent emails at 2 a.m. And fuelled himself with Coca-Cola. He lobbied the mayor's office, took out billboards, and even painted city manhole covers to look like baseballs in an attempt to build local support. One day, he cold-called Peter Angelos,
Starting point is 00:08:02 the famously cranky billionaire owner of the Baltimore Orioles. Somehow, he persuaded the tycoon's secretary to put him through and pitched him his idea. Angelos, Sumerndyke told me, was receptive, but Major League Baseball was not. Not long afterwards, the franchise was awarded to Washington, D.C. Summerndyke's baseball dream had died a second time. By then, his professional life was also beginning to crack.
Starting point is 00:08:32 After a failed attempt to juggle his brokerage job with a startup selling kiosk advertising, state and industry regulators accused him of misleading an investor and violating securities rules. Sumerandike had taken $50,000 from a local dentist that he'd met playing amateur baseball to fund his startup. When the business ran into trouble, Summrandike was reduced to selling off the kiosks on Craigslist. The dentist lost his entire investment. Sumerndyke denied the allegations, but a Virginia securities regulator later concluded that his conduct had amounted to, quote, fraud against an investor. The Financial Industry Regulatory Authority,
Starting point is 00:09:16 FINRA, also fined him and suspended his broker's license. Sumerindyke had spent his 20s chasing one dream after another, each collapsing faster than the last. Now, in his early 30s, out of finance, running out of prospects, he needed a new dream. And thousands of miles away in the Middle East, events were beginning to unfold that would transform his life. By late 2012, Syria had collapsed into a civil war in which President Bashar al-Assad had used chemical weapons on civilians. The brutality fueled calls for action, but the Obama administration, drained by Iraq and Afghanistan had little appetite for another direct intervention. The US instead turned to covert action.
Starting point is 00:10:08 The CIA launched a secret program, Timber Sycamore, run out of Jordan to train and arm rebels with the goal of weakening or toppling Assad. In parallel, the US Special Operations Command, Socom, began its own covert effort to move large quantities of weapons into the country, according to numerous press reports and court documents. But these fighters relied on Soviet-era rifles, rocket-propelled grenades and artillery the US didn't produce. Supplying them meant finding intermediaries who could quietly buy up Eastern European stockpiles and ship them into Syria without drawing attention. Around the same time, Somerindyke was waiting in line in a municipal building in Virginia Beach to file a $35 new business license that would in time put him at the heart of that system. He'd spent the previous few years helping small police and military equipment firms market their goods overseas,
Starting point is 00:11:07 a freelancer learning the basics of an esoteric trade. Now, he wanted his own company. He moulded the name for days. Something solid, he thought. Something that sounded strong. When he slid the form across the counter, the company name read, Regulus Global. He signed a lease on a 20,000 square foot warehouse for $7,000 a month. and began cold-calling small defense suppliers.
Starting point is 00:11:34 His pitch was simple. He would sell whatever surplus inventory they couldn't. He brought his parents out of retirement. His mother was the administrator, his father handled sales. They probably thought I was batshit crazy, he told me. Regulus's early deals were less than minor. Boxes of second-hand ballistic glasses, bought cheap and resold. Then, crates of gunholsters, the smell of lullsters, the smell of libelers.
Starting point is 00:12:00 leather lingering in the high echoing warehouse. On weekends, they drove to regional gun shows to sell a few hundred dollars worth of stock at a time. Sometimes, his father resorted to selling items on eBay. In winter, the trio huddled around portable heaters that repeatedly blew the breakers. In summer, Summerendike worked in boxer shorts and flip-flops. By the end of the first year, Regulus had crossed $1 million in revenue.
Starting point is 00:12:30 But to go further, Somerndyke needed to meet the men who dominate the global arms trade. Expos in London, Paris and the Gulf were filled with them. Defense ministry officials impressed fatigues, consultants in dark suits, standing beside missile mock-ups and glass cases displaying optics and sniper rifles. Summerindyke didn't know them, but years of Merrill Lynch cold calling had taught him that strangers were only strangers for the first 30 seconds of a conversation. He began flying to the global conference centres and hotel suites, where arms dealers negotiated under fluorescent lights.
Starting point is 00:13:13 He treated every handshake like a lead. At night, he spread catalogs and business cards across his hotel desk, cross-referencing and annotating them. On a whiteboard, he mapped which factories made which weapons, which governments bought from which suppliers. This business is old school, he said. People want to look you in the eye. If you're in someone's office, you can see what matters to them, photos of their kids, their favorite team. When he wasn't flying, he was teaching himself the bureaucracy of war. He read the international
Starting point is 00:13:47 traffic and arms regulations, the dense legal code governing U.S. arms exports, like a religious text. He learned end user certificates, state department licensing portals, transit rules, customs timing. He studied it all with the same intensity he once brought to the Norfolk Tide sidelines. Regulus's contract slowly grew, night vision goggles, printers, tactical uniforms. Each deal pushed Sumerndyke closer to the core of the market, ballistics. He learnt which depots in Eastern Europe still held Cold War stockpiles and which intermediaries were trustworthy. The amount of stuff made during the Cold War is beyond comprehension, Sumerandike said. You could go into the hills of Bulgaria and find storage facility after storage facility. The U.S. military was about to need
Starting point is 00:14:39 everything Sumer & Dyke was learning to source. In 2014, the call came from the Pentagon. U.S. Special Operations Command, Socom, needed contractors who could quickly locate and move Soviet-calibre weapons for rebels fighting in Syria. Larger firms were slow. Summerendike's pitch was speed. Regulus could deliver in less than 50 days, he told them, when others required six months. Weeks later, he climbed aboard an Elyushin Ill 76,
Starting point is 00:15:13 a Soviet-built cargo jet roaring on an airstrip in Eastern Europe. Through the open ramp, he watched chain-smoking load masters maneuver crates of weapons into place. In any operation I've ever had, he told me, I've always been on the first flight. I want to see the entire operation myself. The steel beneath him vibrated as Eastern Europe dropped away. Somewhere below, obscured by clouds, was a war that the US wasn't supposed to be fighting. By the time the aircraft touched down, Regulus had crossed an invisible line.
Starting point is 00:15:53 Somerendike was no longer a small town broker. selling holsters with his father at gun shows. He'd become part of the machinery of modern American war. On June 6, 2015, Francis Norwillow, a 41-year-old American military contractor with a beard and a baseball cap, stood on a shooting range in the Bulgarian Mountains holding a rocket-propelled grenade launcher. Next to him stood several other contractors, ex-soldiers and Navy veterans, sent to Eastern Europe under a SOCOM program to train and equip anti-Assad fighters.
Starting point is 00:16:30 The location and activity are of a sensitive nature, warned a SOCOM letter, later released in US court filings describing the Bulgaria contract. Work on this effort may reach the top secret level. The plan was for the men to familiarize themselves with Soviet-made anti-tank weapons before flying to a Jordanian Air Force base where they would train Syrian rebels to use the same system. They were not working directly for the US military. Socom had outsourced the training to a small company called Purple Shovel, which had hired Norwillow. Purple Shovel, in turn, subcontracted the job of sourcing weapons to Regulus Global.
Starting point is 00:17:12 The arrangement hadn't been smooth sailing. A few weeks earlier, it became clear that several simulators needed for the training were unavailable in Bulgaria. Summerendike had proposed a workaround. He arranged for the contractors to travel to Belarus, a Russian ally, to practice on the required systems. Belarus was usually off limits for Americans. I had to pull a ninja move to get all this training coordinated, Summerendike wrote in an email to executives at the subcontracting firms in late May. It is very, very important that the three guys do not mention to anyone,
Starting point is 00:17:48 Tuesday through Friday in Bulgaria, that they were in Belarus. No loose lips, learn the platforms and off they go. Back in Bulgaria, Norwillow pulled the trigger on the RPG. The grenade detonated instantly, killing him and sending shrapnel into another contractor nearby. The munition, later found to have been manufactured in 1984, was defective. Norwillow's widow sued Purple Shovel, Regulus Global and another subcontractor in US court, alleging, quote, that they knew the US government had rejected those same grenades because they were defective, unstable and dangerous. The case was later settled.
Starting point is 00:18:32 I felt awful about what happened, Sumer & Dyke said, adding that he offered help repatriating Norwillow's body. But I had nothing to do with what had gone on. He maintains that Regulus was responsible only for supplying equipment, not training or range safety, and that it had not supplied the grenade that killed nor willow. My job was to deliver equipment. I delivered equipment. The transition from selling surplus holsters to helping equip rebels with heavy weapons,
Starting point is 00:19:03 he would later tell me, was simply another line item, just another skew, referring to the acronym for a stockkeeping unit. Explosives were just numbers on a spreadsheet. By 2016, Regulus was growing quickly, with more than 15 employees and roughly $40 million in annual revenue, according to Sumerandike.
Starting point is 00:19:27 The company had built a reputation for being able to source and move weapons to difficult places with unusual speed. Sumerendike believed that by understanding how global supply chains worked and how geography, energy and politics shaped conflict, he could anticipate demand for armaments before defence ministers asked. everything at the end of the day is economics. War is economics, he told me. His team began predicting what weapons nations needed before they knew themselves.
Starting point is 00:20:01 If somebody was telling us this is what we need, we were already too late, he said. His relationships with foreign governments deepened and he avoided making enemies. You work with extreme personalities and big egos, he said. There are borderline psychopaths in this business. Sumerundike continued to travel relentlessly, attending meetings with defence ministries or monitoring cargo loads on airstrips. He still tried to ride the first transport flight on each major operation, taking a hammock with him to sleep in the belly of cargo planes.
Starting point is 00:20:37 He became increasingly cautious about his own safety, avoiding large hotels and keeping stays abroad as short as possible. The pace took a toll. his marriage began to fail. As Regulus pursued bigger clients, Summerendike found himself supplying US partners fighting wars far beyond previous moral boundaries. He travelled to places in the aftermath of mass death
Starting point is 00:21:02 where the stench of bodies lingered in the air. You know, you pick up smells and stuff, he said. Seeing things is one thing, but smells, that's what stays with you. By 2017, Regulus was brokering deals for the Saudi Ministry of Defense, supplying a war in Yemen that had triggered international outrage for mass civilian casualties. The year before, after more than 140 people were killed by airstrikes targeting a funeral in the Yemeni capital, the White House said that it would urgently review its support for the Saudi campaign.
Starting point is 00:21:41 A group of experts, mandated by the UN Human Rights Council, would later conclude that parties to the armed conflict in Yemen have perpetrated and continue to perpetrate violations and crimes under international law. But the US brokered weapons kept flowing. Somerandike said that Regulus delivered munitions to the Saudi military in this period, with US personnel on the ground, and always with the correct permissions from the US State Department. I comply with whatever the U.S. government allows or asks me to do, he told me. In Syria, the unexpected consequences of the U.S. covert programs were becoming clear.
Starting point is 00:22:23 Some of the U.S. backed rebels were accused of executing detainees. A Pentagon plan that was supposed to field 15,000 fighters burned through hundreds of millions of dollars, yet only a handful of graduates ever reached the front lines. On the ground, arms and money bled across borders and between factions into Salafi jihadist groups that the US was also trying to kill and towards conflicts that outlasted the programs meant to shape them. Jordanian intelligence officers were accused of selling weapons on the black market. Bulgarian-made rockets and Romanian-machine guns procured under U.S. contracts
Starting point is 00:23:01 later turned up in Islamic State caches. Then, in February 22, Vladimir Putin launched a full-scale invasion of Ukraine. Officials in Kiev scrambled to find weapons and ammunition for a war of national survival. What the Ukrainian army needed was exactly the sort of Soviet-era armaments, Sumerandike had spent the past decade learning how to source. Within hours, he said, he began to receive urgent phone calls from Ukrainian officials. Weeks after the invasion, Sumerindyke was standing on the tarmac of an airstrip in Eastern Europe in the middle of the night, watching cranes of weapons being loaded through the nose of a Ukrainian state-owned Antonov-A-N-124 Grisland.
Starting point is 00:23:53 Loadmasters shuffled six BM21 trucks, dark green vehicles used to fire Grad rockets into position alongside 152-millimeter howitzers. Once the cargo was chained down, Somerundite climbed a ladder to a seat in the rear of the aircraft. The endless rows of wooden crates filled with weapons reminded him, he recalled, of the warehouse in Indiana Jones. Moments later, the aircraft was rolling down the runway towards Poland. They landed around sunrise at Resolve Airport, around 100 kilometres from the Ukrainian border,
Starting point is 00:24:32 guarded like a military base. Then, Samarindike decided to go into Ukraine himself, driving overnight with a colleague from Budapest to Leviv to beat the military curfew and then on to Kiev the next morning. It was a war zone outside the city, he said. Bomb tanks everywhere you could see. Roads ripped up, buildings blown out, destroyed. He later traveled closer to the front lines to meet Ukrainian soldiers. It was interesting to see how much they cared, just how passionate they were. he said.
Starting point is 00:25:05 You would have some guys that were very well equipped and some guys that were eating their boots and they're just fighting any way they could. Summerendike had always prided himself on being able to compartmentalize to never become emotionally invested. He'd sold weapons into brutal conflicts where civilians had been killed
Starting point is 00:25:25 and he'd smelt death. It was just business. I'm very much an unemotional person, he told me. But this time, he's. he said. Probably, for the first time in my career, I'm tied emotionally to this. By late 2022, the war in Ukraine had entered a phase few in Europe had foreseen. Soviet-era stockpiles that had languished in ammunition bunkers for decades were suddenly running low. Prices surged. Nobody had ever said before that there wasn't stock available, Sumer & Dyke remembered. You had the type of
Starting point is 00:26:01 conflict that just had such an enormous volume of usage that that was it. Ukraine had pushed Russian forces back from Kiev, but its guns were starving. In the capital, Sumer & Dyke met Alexei Petrov, then head of Spets Technoexport, the Ukrainian state-controlled arms export agency. Petrov said that Regulus claimed it could quietly source 155mm shells from countries that would not normally export them to Ukraine, using its contacts in the U.S. State Department. For a government running out of ammunition,
Starting point is 00:26:37 it was an unusually valuable proposal. The deal Ukraine signed with Regulus, worth as much as $1.7 billion, was one of the largest ammunition contracts of the war. For Sumer in Dyke, it represented a kind of culmination. The cold-cool hustle, the covert flights, the decade spent navigating shadow supply chains
Starting point is 00:27:01 were suddenly marshaled towards a single, enormous undertaking. But the scale of the contract forced him into a role that Regulus had never played before. Brokers could locate ammunition, but they could not manufacture it. To meet Ukraine's demand, Regulus acquired stakes in Pretis and Benas, the two Bosnian plants with Cold War machinery.
Starting point is 00:27:28 Around the same time, according to Cypriot corporate records, the company purchased several Gibraltar registered container ships, which it planned to use to ferry tens of thousands of shells from the Balkans to Poland. Sumerindike poured tens of millions of dollars into production lines, betting that Bosnia's factories could be revived fast enough to keep pace with the war. Then the deal began to fracture. Earlier this year, Spets Technoexport alleged that Regulus had failed to meet its obligations. Petrov claimed the agency had sent $162.6 million in advance payments to secure badly needed ammunition.
Starting point is 00:28:12 Funds, he said, that Regulus then used to finance its Bosnian acquisitions. They used the money we sent them, he said, to buy new assets. Regulus strongly denies this. The company argues that Ukraine failed to provide the required 30% prepayment around $500 million, and that it was this shortfall that caused the delays. The disagreement has since moved into international arbitration in London, where Ukraine is seeking to recover what it said was lost. Inside Regulus, the strain intensified.
Starting point is 00:28:49 Sumerindike was traveling constantly, trying to manage the shipments while keeping the Bosnian production lines on track. There's no sleeping, he said. A two-hour nap here, a two-hour nap there. I feel like I've got two fire extinguishers on each side of my head. There are fires every day. In Bosnia, the difficulties mounted. Regulus complained that it had been denied access to financial reports and audits of Pretes.
Starting point is 00:29:17 It pushed for the removal of the factory's chief executive, citing, quote, inefficient management. Deliveries began to slip. Money paid in advance appeared to vanish inside the plants. In a letter to the Bosnian government, Regulus warned that the factories were in, quote, a disastrous state at precisely the moment when their output was most critical. And then, as Summer and Dyke tried to hold the pieces together, another pressure emerged. In the U.S., Donald Trump re-won the presidency, pledging to end the war in Ukraine and drastically reduce America. American support for Keeve. For Sumerindyke, the implications were unambiguous. The conflict that had driven Regulus's rapid expansion and underpinned his bet on Bosnia could be curtailed,
Starting point is 00:30:09 even halted by a single policy shift. Over the course of a few months last year, I met with Sumer and Dyke several times as he explained Regulus's operations and his view of the changing nature of the arms trade. On one occasion, in Virginia, Summerendike picked me up in a pickup, coated in black Kevlar. In the back was a wooden baseball bat and a pitching glove. He apologized for the smell of pine tar, a sticky substance players used to get a better grip on the bat. Up close, he has the same square jaw and broad shoulders of the baseball hopeful he was in 1999. His beard was threaded with grey, and the years of Longhor Travel had left faint lines around the eyes.
Starting point is 00:30:55 We drove through Virginia Beach, past the Oceana Naval Base where he grew up. Before taking office for the second time, Trump claimed on multiple occasions that he would end the Ukraine war in 24 hours. I asked Sumerandike, what would he do if the fighting stopped tomorrow? Surely that would leave his business and his vast investments in weapons in jeopardy. I hope the war stops tomorrow, he said. It certainly needs to. But even if it did stop tomorrow, there will be a multi-year effort just to reinventory things that have been used.
Starting point is 00:31:30 In an earlier conversation, he told me that he disliked armed conflict. Nobody likes war. Quite frankly, I don't even like guns, he shrugged. Look, it would be great if it was all rainbows and sunshine, peace everywhere. But that's not the world. On another occasion, we met outside Dallas at the site of Yucet. Union, a new venture capital-backed defense manufacturer, Summerendike, recently helped launch as chief executive. Union aims to be the first company to bring modern automated manufacturing
Starting point is 00:32:04 techniques, kind used in the high-tech and automotive industries, to the production of a 155-millimeter artillery shells. Union and Regulus are separate, but have a strategic relationship. Regulus is a minority investor, an early customer, while Union is designed to be a standalone manufacturer using a very different approach from the decades-old machinery in Bosnia. Union is his attempt to define the future of war production. Summerendike admitted that part of Union's positioning with a response to Silicon Valley's recent expansion into the defense world. He wondered what would happen when the ethos behind autonomous drones and algorithmic targeting reached the munitions business.
Starting point is 00:32:49 Union was his attempt to find out before the field change. He handed me a rubber mock-up of an 155mm round, the type he hoped the factory would be producing. Inside the office, diagrams of the planned production lines hung on the walls. A team of engineers, several of them former Tesla staff, watched digital simulations of machining steps on large monitors. Outside, in a cavernous industrial space, dozens of workers in hard hats and high-vis vests were assembling the line. Forklifts drifted past stacks of steel tubing, as stars and stripes, as large as a double-decker bus hung from one wall. I think the US government will end up being our biggest customer, Summerin Dyke told me. Regulars, he said, was on track to post $1 billion in annual revenues next year, up from around 50 million before the Ukraine war,
Starting point is 00:33:44 as it fulfills for large European governments buying shells on Keeves' behalf. The Bosnian operations, he added, were beginning to. to stabilize. Over time, the advanced manufacturing techniques being developed in Texas could be exported to the Borkans. Later, he told me about the championship game his local amateur baseball team had recently won. I pitched the whole game. We won, we went undefeated for the whole season, first time that's ever happened in that league. The moment the game ended, he had to leave for the airport. I got to celebrate for maybe 15 minutes, Summerendike said. I'm I'm literally in the parking lot wiping myself down.
Starting point is 00:34:25 We landed in Switzerland at 8 a.m. for a meeting at 9.30 a.m. That's a perfect look at what my life seems to be. Baseball, with its churning statistics, batting averages, strikeouts, wins, had once offered Sumerndyke the opportunity to quantify himself. He'd hoped to generate the numbers to become a success, but it was the arms trade, with its skews, tonnage, contract numbers that had delivered on a field
Starting point is 00:34:55 where everything could still be reduced to a score. Everyone's got competitive juices, he told me. So yeah, sure, that's maybe what drives me. On another occasion, he told me, the worst thing I would ever want is that by the time my end is here, they would say, man, he had potential. A decade earlier, when he'd first move,
Starting point is 00:35:21 moved from selling holsters to supplying America's 21st century covert wars, the weapons were just another skew. Bombs were stock codes that could be purchased, financed, shipped. He'd thrived in a system where the difference between ammunition for Syria, Yemen or Ukraine, was logistical, not moral. Now the scale has grown, but the logic is the same. For governments, that makes him useful. For the industry, it makes him successful. The wars might change. The customers might change.
Starting point is 00:36:02 But the products, they remain just another line item on a spreadsheet. The broker was written by me, Miles Johnson, and edited by Matt Vela. It was produced by Misha Frankel-Douvao with mix and sound design by Breen Turner and Sam Giavinko. Cheryl Brumley is the FT's head of audio.

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