Olaf Hichwa

Stories

Pentagon credit office backs Neros drone production with conditional loan

Overseeing engineering and production

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