None
RO
Office of Strategic Capital Commits Up to $820M Loan to Performance Drone Works for Domestic Component Manufacturing
[]
Executive Gov
The loan initiative pairs OSC financing with additional private capital to create a new domestic supply source for components used across the U.S. drone industry.
“PDW will be one of several domestic component producers receiving OSC loan commitments in support of President Trump’s Executive Order 14307, ‘Unleashing American Drone Dominance.’
Expanding domestic component production will benefit manufacturers throughout the ecosystem and improve supply-chain resilience,” said David Lorch, director of the Office of Strategic Capital and senior advisor to Deputy Secretary of War Steve Feinberg.
What Is Performance Drone Works?
Performance Drone Works is an Alabama-based company that evolved from the Drone Racing League.