Signal Strategic Capital Signs $820M Loan for Drone Expansion

Summary

The U.S. Department of War's Office of Strategic Capital (OSC) signed an $820 million conditional loan commitment with Performance Drone Works (PDW). The financing is intended to build high-volume domestic manufacturing capacity for critical drone components. The stated goal is to expand production of Group 1 and Group 2 unmanned aircraft components and address supply chain bottlenecks in the sector. A statement accompanying the announcement said the OSC financing, together with additional private capital committed alongside it, would support a new high-volume source of domestically manufactured components. The announcement was reported by Mirage News.