Neros gets conditional $450M Office of Strategic Capital loan commitment for U.S. drone manufacturing
Neros got a conditional loan commitment of up to $450M from the Pentagon's OSC; with $165M of its own equity, it's a $615M drone factory push.
The U.S. Department of War's Office of Strategic Capital (OSC) said on November 2, 2026, that it has signed a conditional loan commitment of up to $450 million with Neros, a Torrance, California, company the department describes as a developer and manufacturer of dual-use small unmanned aircraft systems. Neros says it is putting in $165 million of its own equity alongside the loan, bringing the total project to $615 million.
According to the department, the money would expand Neros' vertically integrated manufacturing in the U.S.: complete drone systems, ground control systems, and components such as motors, radios, flight electronics, sensors and batteries. The department says the Torrance facility would also supply NDAA-compliant components to other U.S. and allied drone makers.
"OSC's investment will turbocharge Neros' ability to manufacture drones and components critical for the production of drone systems," said David A. Lorch, Director of the Office of Strategic Capital.
Neros CEO and co-founder Soren Monroe-Anderson says the capital "puts Neros on the path to one million drones per year by 2028." That is the company's own target, not a figure from the department.
Why it matters
The deal is about parts as much as drones: the department frames it as a way to cut U.S. reliance on foreign-made drone components. It isn't done yet. Before financial close, Neros has to meet financial, legal, technical, investment and due-diligence requirements set out in the commitment.
Sources
More on drones.