Department of War

Pentagon credit office backs Neros drone production with conditional loan

Parent agency of the Office of Strategic Capital

The Office of Strategic Capital, the Pentagon's lending office, has offered Neros up to $450 million in loans, with the Torrance, California, company adding $165 million of its own money for a $615 million expansion. No money has moved. The commitment is conditional on financial, legal, technical and due-diligence reviews.

Updated 3 days ago

Antheia lands conditional federal loan to bring drug ingredient production to the US

Money Moves

Parent agency of the Office of Strategic Capital

Antheia holds an $80 million conditional loan commitment from the Department of War's Office of Strategic Capital, announced October 17, to make drug ingredients in the US using engineered yeast. The country imports about 90% of the key starting materials and active pharmaceutical ingredients that go into generic medicines.

Updated Oct 23

Army awards Air $200 million contract for next-generation command and control

New Capabilities

Contracting authority for NGC2

The Army is replacing its separate command systems with a shared, AI-enabled network. On October 12, the Department of War awarded Air, the defense software firm formerly known as Govini, a $200 million, five-year contract to support that effort.

Updated Oct 19

Pentagon awards Raytheon record multi-year contract to ramp up AMRAAM production

Force in Play

As of September 2026: Awarding agency under the Arsenal of Freedom initiative

Raytheon will build AIM-120 AMRAAM missiles at record rates under a five-year contract worth up to $20.7 billion, with two option years. The deal targets 1,900 missiles per year for the US Air Force, Navy, and 16 allied countries.

Updated Sep 29

Pentagon consolidates Army and Navy laser weapons under Golden Dome shield

New Capabilities

As of May 2026: Oversees Golden Dome architecture and JLWS

The U.S. military spent four decades chasing a laser that could shoot down a cruise missile. On April 28, 2026, the Pentagon detailed its latest attempt: the Joint Laser Weapon System, a containerized 150-kilowatt beam (scalable toward 500 kilowatts) that the Army and Navy will share, mounting it on trucks, ships, or anywhere a 20-foot container can sit.

Updated May 31

The Pentagon becomes a shareholder

Money Moves

As of May 2026: Implementing acquisition transformation strategy

For three decades, the Pentagon told defense contractors to consolidate. Now it's paying $1 billion to help one spin off, taking an equity stake in L3Harris's solid rocket motor business in January 2026 — the first time it has directly invested in a defense supplier. Congress passed an $838.7 billion FY2026 defense budget with $2.9 billion for munitions and industrial capacity expansion, while Raytheon announced five framework agreements to triple Tomahawk production and double AMRAAM output.

Updated May 22