Latest Performance Drone Works News & Updates

See the latest news and media coverage for PDW. We track all announcements, press releases, and industry mentions in real time, all in one place.

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Performance Drone Works (PDW)

Multi-mission aerial robotic systems developer

pdw.ai
Headquarters
Huntsville, United States
Founded year
2018
Company type
Private company
Number of employees
350–500
Industry
Aerospace & Defense

Last updated

Latest news about Performance Drone Works (PDW)

In short: PDW secured a conditional $820 million loan from the Pentagon and over $110 million in Series B funding to scale domestic drone production.

Company announcements

PDW

PDW raises over $110M in Series B financing

The funding will expand product offerings, strengthen engineering capabilities, and scale production of modular military drones.

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Media coverage

Tencent News

Not buying complete machines, only making parts, 820 million to leverage the entire supply chain, how ruthless is this Pentagon move?

It is worth noting that this $820 million loan commitment has not yet been finalized. PDW still needs to meet financial, legal, technical and other due diligence requirements before the funds can actually be in place. As analysts have said, this week's Pentagon actions on drones are $500 million for shooting down drones (counter-drone contracts) plus $820 million conditional commitment for manufacturing parts—one addresses the immediate threat, the other is betting on the future supply chain...

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Huntsville-based PDW lands $820M loan to manufacture drone parts

The massive investment is set to bring new jobs and investment, and help America close the drone production gap.

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