What Happened
New Defense Company Makes Waves With Quadcopter Technology
A relatively new drone startup company, Neros, founded by a champion drone-racing pilot, has caught the Pentagon’s attention with its quadcopter technology. The company participated in the Drone Dominance Gauntlet II exercise and received orders for 8,000 Arch 5-inch and 6,000 Archer AI drones. The Pentagon’s Office of Strategic Capital also agreed to give Neros a $450 million loan to help expand production and make supply chains more domestically based, as reported by the Washington Examiner.