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U.S. Department of War·

Department of War's Office of Strategic Capital Signs $150 Million Conditional Loan Commitment With LeoLabs, Inc.

  • The Department of War's Office of Strategic Capital announced a $150 million conditional loan commitment to LeoLabs, Inc. for Space Domain Awareness & Space Traffic Management solutions.
  • The financing includes a dollar-for-dollar co-investment, resulting in a total capital infusion of $300 million.
  • Funds will accelerate the production & deployment of multi-mission phased array radars, including mobile "Scout" radar units, to expand U.S. radar manufacturing capacity.
  • The investment supports Department of War priorities by expanding LeoLabs' global footprint to sustain American leadership in the contested space domain.
  • LeoLabs is the only commercially available U.S. provider of ground-based radar space domain awareness, offering rapid, continuous cloud-based data updates.
  • The conditional loan requires LeoLabs to satisfy various financial, legal, technical, investment, & due diligence requirements before financial close.
  • Officials state the transaction bolsters U.S. resilience against geopolitical disruptions & ensures next-gen technologies are powered by secure, domestically sourced data.