What Happened
Boosting Domestic Production Capacity for Critical Drone Parts
The Office of Strategic Capital has announced a conditional loan commitment of up to $820 million to Performance Drone Works to establish high-volume domestic manufacturing capacity for critical drone components. This investment aims to support the development of a new high-volume source of domestically manufactured components for use across the broader US drone industrial base. The project is intended to supply components to multiple manufacturers and platforms, representing a significant expansion of domestic production capacity for drone components. This development was reported by an unknown source.