The US Department of Defense’s Office of Strategic Capital (OSC) has issued a conditional loan commitment of up to $820 million to Performance Drone Works (PDW) to strengthen domestic manufacturing of critical unmanned aerial system (UAS) components.
Alongside private-sector investment, the funding will enable PDW to scale production of drone propulsion systems, power-control technologies, and vision systems.
The expansion will build on PDW’s existing 90,000-square-foot (8,361-square-meter) facility in Huntsville, Alabama, adding manufacturing capacity for the company as well as its regional industry partners.
