PDW gets conditional $820 million federal loan commitment for drone components
PDW plans to turn its racing-drone roots into a domestic component supplier for its own aircraft and other U.S. platforms.
By Ryan Merket · Published
Primary source: PR Newswire
Why it matters
The government is financing the bottlenecks beneath drone production, giving PDW a chance to earn revenue from its own aircraft and components sold across the U.S. industrial base.
PDW Holdings, the Huntsville defense drone manufacturer co-founded by Matt Higgins and Ryan Gury, announced Friday that it secured a conditional loan commitment of up to $820 million from the U.S. Department of War's Office of Strategic Capital to expand domestic production of drone components.…
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