Neros Gives Pentagon A Small Stake With No Vote, Then Asks Who Buys
Neros says the Pentagon gets a small stake with no vote for its $450M loan, its first motors are built, and its growth chief asks who buys the drones.
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Neros says the Pentagon gets a small stake with no vote for its $450M loan, its first motors are built, and its growth chief asks who buys the drones.
The Pentagon wants 250,000 cheap drones by end of 2027. Russia builds 7.3 million a year. Bloomberg's tour of Utah's drone plants shows why the gap stays.
The Pentagon is buying 60,000 attack drones, but one 84-year-old Army plant makes all U.S. HMX and RDX. Odin Energetics says it can make a tenth of that.
Trump's Section 232 robotics order skips tariffs for now and sets a 180-day check-in. Drones got their own 25% to 100% duties in August.
Percepto's Axion sells its inspection AI as software for other makers' drones and sensors, under new CEO Julien Bellanger. Its own drones stay.
An Army official says the Pentagon is artificially inducing drone demand. PDW's CEO wants 12,000 drones a year. No Gauntlet I order reached half.
Unusual Machines closed its Upgrade Energy deal, worth up to $52M, on Oct. 19. Upgrade's store says some packs may use cells from China-based Tenpower.
Anduril's $3.7B Maryland shipyard will build Virginia-class sub parts. Trump promised drone subs and a 40% taxpayer stake neither release mentions.
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