Pentagon offers Neros up to $450 million to build small-drone parts in the U.S.
The Pentagon’s Office of Strategic Capital intends to lend Neros up to $450 million to expand U.S. production of small drones, ground control systems and parts such as motors, radios, flight electronics, thermal sensors and batteries. Neros is adding $165 million in equity, for a $615 million project aimed at cutting reliance on foreign components. The loan is conditional on financial, legal, technical and due diligence steps.

Illustration: Autonomy Wire (AI-generated)