Munoz, a 24-year-old Colombian, will drive the No. 14 car after two runner-up finishes in four career Indianapolis 500 starts. He is considered one of IndyCar's rising stars and has one career win and one career pole.
The 24-year-old Daly grew up in Indianapolis and will drive the No. 4 car for the first Indy-based team of Foyt's career. Daly made his series debut with Foyt's team in the 2013 Indy 500. Daly's father, Derek, is a former Formula One and IndyCar driver.
Both cars will be sponsored by ABC Supply, which will partner with Foyt's team for the 13th consecutive season.