Soren Monroe-Anderson

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Pentagon credit office backs Neros drone production with conditional loan

Leading Neros' expansion in Torrance

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