It did, a little bit, but I expected something more. See below..
On first viewing I thought it was dire, but that was due to my big disappointment about what I actually expected the movie to be like.
it was a gore fan pleaser that's for sure. More chest busting etc. Dramatic of course, but we've seen it before.
No, what I was hoping for, and what I thought was going to happen, was a focus on the 'Engineer' race, who created the ultimate weapon of mass destruction - the pathogen which causes such catastrophic mutation. At the end of Prometheus, when Shaw and David took off for the Engineers' homeworld, I thought the follow up movie would continue on that story. But unfortunately we saw very little of the Engineers, other than their final demise, in flashback.
I mean, why did they create the weapon? And at the start of Prometheus, we saw an Engineer ingest some of the substance, and that had completely the opposite effect, by seeding life on Earth. It was in fact a life giver. So there were presumably two types of the substance. Were there two factions/tribes of Engineers? I thought all this would be resolved by Covenant, but it didn't answer any questions.
So I think there's so much more to this story, and it doesn't have to be more of the same. I wonder if Ridley Scott wanted to tell that story, but was overruled by the studio? Who knows.