The US Department of Defense’s Office of Strategic Capital (OSC) has conditionally committed up to $820 million in financing to Performance Drone Works (PDW) to expand US-based production of key unmanned aerial system (UAS) components.
The financing, combined with private capital, is expected to accelerate manufacturing of drone propulsion systems, power-management controls, and advanced vision technologies.
PDW plans to leverage its 90,000-square-foot (8,361-square-meter) facility in Huntsville, Alabama, as the foundation for the expansion. The initiative will increase production capacity for PDW and create additional opportunities for local industry partners.
