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Contracts

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 of a factory assembly line building small quadcopter drones with stacks of motors, circuit boards and batteries

Illustration: Autonomy Wire (AI-generated)

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