OSC signs up to $820m conditional loan commitment with PDW
The Office of Strategic Capital signed a conditional loan commitment of up to $820 million with PDW to establish high-volume U.S. manufacturing capacity for critical Group 1 and Group 2 drone components; financial close remains subject to further due diligence and other conditions.
Evidence notes
- The commitment is for up to $820 million and remains subject to financial, legal, technical and other due-diligence requirements before financial close.
- OSC said the project will establish high-volume domestic manufacturing capacity for critical drone components used across Group 1 and Group 2 unmanned aircraft.
Company context
PDW develops small unmanned aircraft systems for defence users. Its C100 platform is built around portable tactical flight, ISR payloads and mission durability for field operations.