announced a conditional loan commitment of up to USD 450 million from the Pentagon's Office of Strategic Capital, plus USD 165 million of its own equity, for a USD 615 million project to build drones and their components in-house.
The company says it is on a path to one million drones a year by 2028, covering long-range strike, close-quarters and interceptor types. The loan is conditional, not yet drawn, and the production target is the company's own.
Source: prnewswire.com
Limits
Conditional commitment; the one-million-drones target is a company goal.