What Happened
US Government Backs Domestic Drone Production Expansion
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 targets technologies such as propulsion, power, and control systems. PDW plans to combine the government financing with private capital to supply US-made components for its own aircraft and other domestic manufacturers. The expansion will build on the company’s existing Drone Factory 01 facility in Huntsville, Alabama. This development was first reported by Defence Industry Europe.