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 Department of Defense's Southwest Regional Maintenance Center awarded a sole-source purchase order to Metrex Valve Corp. for a 4-inch 3-way electric actuated mixing valve for the AC plant on USS Montgomery (LCS-8). The contract value is $43,710.
The Entwistle Company was awarded a firm fixed-price delivery order worth $8.14 million by the Department of the Air Force for measuring and dispensing pump manufacturing, with performance in Danville, Virginia, dated May 16, 2019.