What Happened
Boosting Domestic Production and Reducing Foreign Dependence
The US Department of War’s Office of Strategic Capital has announced a conditional loan commitment of up to $450 million to Neros, a California-based manufacturer of small military drones. The financing will support expanded US production of drones and critical components, reducing dependence on foreign suppliers. Neros plans to commit an additional $165 million in equity, bringing the total planned investment to $615 million. The investment supports the Trump administration’s Executive Order 14307, Unleashing American Drone Dominance, and was first reported by DRONELIFE.