Office of Strategic Capital Signs $820 Million Loan to PDW
US Office of Strategic Capital pledges conditional funding to PDW for domestic drone and robotics components.
The Department of Defense's Office of Strategic Capital announced an $820 million conditional loan commitment to Performance Drone Works. The war.gov release states the funding will support domestic manufacturing of critical components for drones, robotics, and autonomous systems and reduce reliance on foreign supply chains. Posts on X shared the announcement from the official source, including one reply with celebratory emojis.
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The time is now. @PDW_ai
Time to get to work. America has answered the call before. Now, we must answer it again. The United States can no longer rely on foreign-controlled supply chains for the critical technologies and components required to build drones, robotics, and autonomous systems. The U.S.…
We spun this out of Drone Racing League years ago and under great investment leadership from @mhiggins and Steve Ross’ RSE Ventures and our partner Tony Thomas @TonyT2Thomas it has thrived
Time to get to work. America has answered the call before. Now, we must answer it again. The United States can no longer rely on foreign-controlled supply chains for the critical technologies and components required to build drones, robotics, and autonomous systems. The U.S.…
Lux family co @PDW_ai entirely defense focused, originally spun out of Lux family co Drone Racing League!
The @DeptofWar’s Office of Strategic Capital announced an $820 million conditional loan commitment with Performance Drone Works (@PDW_ai) to expand domestic manufacturing for critical drone components. This financing will establish a new, high-volume source of domestically…