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Department of War’s Office of Strategic Capital Signs Conditional Loan Commitment of up to $450 Million With Neros, Inc | Soldier Systems Daily

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The Department of War Office of Strategic Capital announced a conditional loan commitment of up to $450 million for Neros, Inc., a U.S. developer and manufacturer of dual-use small unmanned aircraft systems, to expand domestic manufacturing and lessen use of foreign components under Executive Order 14307, Unleashing American Drone Dominance. Together with private capital the financing would enlarge vertically integrated U.S. capacity for those aircraft, ground control systems, and components including motors, radios, flight electronics, sensors, and batteries at the company’s Torrance, California facility, which would also produce complete systems plus propulsion motors, flight stacks, radios, and thermal sensors and furnish NDAA-compliant parts to other U.S. and allied manufacturers. Neros must still satisfy financial, legal, technical, investment, due diligence, and other requirements before the loan closes.

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