Neros to expand drone manufacturing facility in Torrance, California with $615M investment

The Department of Defense issued a conditional loan of up to $450 million to Neros, and the company pledged $165 million in equity, for a total of $615 million to expand its manufacturing facility in Torrance, California. The expansion aims to increase production capacity to 1 million drones per year by 2028.

“The DOD funding puts Neros on the path to manufacture 1 million drones per year by 2028.”manufacturingdive.com

• 1 source
• manufacturingdive.comNeros plans $615M drone manufacturing expansion in US | Manufacturing DiveNov 3, 2026

Summarized from public sources; check the original articles before acting on it.