Neros Gets $450M Pentagon Loan to Cut Reliance on Chinese Drone Parts

Why Is the Pentagon Lending $450 Million to a Drone Developer?

Drone developer Neros is attempting to mass-produce small and attritable drones free of Chinese components—helping to address a major military supply chain vulnerability.

China Makes 100 Drones for Every One Built in U.S. as Pentagon Scrambles to Catch Up

(The Daily Caller)—China manufactures more than 100 drones for every one produced in the United States, a staggering industrial gap the Pentagon is attempting to close with a proposed $450 million investment in American combat drone manufacturing. Chinese companies control approximately 70% of the global consumer drone market and 90% of the American consumer market, […] The post China Makes 100 Drones for Every One Built in U.S. as Pentagon Scra…

Neros plans $615M drone manufacturing expansion in US

The Pentagon issued a $450 million conditional loan to the startup to scale its small-UAS production, with Neros pledging $165 million in equity toward the project.

DOD credit office set to give DDP competitor up to $450M loan

The Defense Department's credit office announced today it has signed a conditional loan agreement worth up to $450 million with Neros Technologies, a U.S.-based small drone provider that has been participating in the Pentagon's $1.1 billion drone competition. The funding from the Office of Strategic Capital, combined with private capital, will support Neros' planned expansion of its domestic manufacturing capacity to produce dual-use small drone…

Neros gets $450M Pentagon loan to cut reliance on Chinese drone parts

The Pentagon’s Office of Strategic Capital has agreed to lend up to $450 million to Neros, the California maker of the Archer attack drone, to build drones and their key parts in the United States, the Department of War announced on Nov. 2. Neros said it will put $165 million of its own equity into […]

Pentagon Signs $450M Neros Loan to Mass-Produce Domestic Drone Components

Takeaways Up Front 1. The Department of War’s Office of Strategic Capital signed a conditional loan of up to $450 million to Neros on November 2. 2. The money funds domestic parts, motors, radios, electronics, and batteries, plus $165 million in Neros equity for a $615 million project. 3. The supply push arrives as the […]