What Happened
US Government Backs Expansion To Reduce Foreign Supply Chain Dependence
PDW Holdings has received a conditional loan commitment of up to $820 million from the US Department of War’s Office of Strategic Capital to expand domestic production of drone components. The financing aims to reduce foreign supply-chain dependence and support current defense requirements, as well as create manufacturing capacity for public safety, industrial, and commercial applications. The expansion will build on PDW’s existing facility in Huntsville, Alabama, and combine government financing with private capital, as reported by Defence Industry Europe.