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Aviation TodayCalvin Biesecker

PDW Seeks Pentagon-Backed Financing to Scale Drone Production Capacity

PDW is seeking a loan from the Pentagon’s Office of Strategic Capital to expand beyond its 90,000-square-foot Drone Factory 01 in Huntsville, Ala. The financing would support additional capacity for manufacturing drones and key components as the company targets production supporting U.S. output of one million drones annually.

2026-08-19T21:21:50.727483-07:00
SpaceNews.comSandra Erwin

Hypersonic missile startup Castelion raises $1 billion

By SpaceNews.com: WASHINGTON — Castelion, a defense-tech startup seeking to mass produce lower-cost hypersonic weapons, has raised more than $1 billion in new financing as it moves to expand missile production and develop a broader portfolio of offensive and defensive weapons.

2026-08-19T16:45:37.474603-07:00
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Associated PressAssociated Press

Army resumes Apache helicopter training missions after Texas crash that killed 2

By Associated Press: The U.S. Army says it will resume Apache helicopter training missions following a brief pause after two soldiers were killed in a crash last week in Texas.

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2026-08-19T16:20:10.640985-07:00