A Huntsville-based defense technology company is poised to significantly expand domestic drone manufacturing after receiving a conditional federal loan commitment worth up to $820 million from the U.S. Department of War’s Office of Strategic Capital.
The financing for Performance Drone Works (PDW) would help establish high-volume U.S. production of critical drone components, strengthening domestic supply chains for unmanned aircraft while reinforcing Huntsville’s role as a growing hub for defense manufacturing.
The Office of Strategic Capital announced Friday that the conditional commitment, combined with additional private investment, is intended to create new manufacturing capacity for propulsion systems, power and control technologies, vision systems and other key components used in military drones and autonomous systems…