U.S. Department of War·Nov 2, 2026, 10:00 AM ET

Department of War's Office of Strategic Capital Signs Conditional Loan Commitment of up to $450 Million With Neros, Inc.

The Department of War's Office of Strategic Capital (OSC) announced a conditional loan commitment of up to $450 million to Neros, Inc.
The funding supports Neros' domestic manufacturing expansion for dual-use small unmanned aircraft systems (sUAS) to reduce reliance on foreign components.
This investment advances President Donald J. Trump's Executive Order 14307, Unleashing American Drone Dominance.
OSC financing alongside private capital will enable vertically integrated production of sUAS platforms, ground control systems, motors, radios, flight electronics, sensors, & batteries.
Neros' Torrance, California facility will onshore production of complete drone systems & critical subcomponents like propulsion motors, flight stacks, & thermal sensors.
The expanded capacity aims to supply NDAA-compliant components to other U.S. & allied drone manufacturers.
Financial close requires Neros to satisfy additional financial, legal, technical, investment, due diligence, & other requirements.
Under Secretary of War for Research and Engineering Emil Michael stated the deal strengthens the domestic drone supply chain to achieve American drone dominance.