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DoD Taking Equity Stake In Drone Manufacturer Neros With Planned $450 Million Loan
Neros has signed a conditional commitment for an Office of Strategic Capital loan of up to $450 million to expand US drone and component manufacturing. The company will contribute $165 million in equity, taking the planned project to $615 million and supporting vertically integrated production in Torrance, California. The expansion covers aircraft and critical components such as motors, radios, flight electronics, sensors and batteries, reducing dependence on imported supply chains. Neros targets annual output of one million drones by 2028, while the financing remains conditional rather than a completed loan disbursement.