DoD pushes out 3 loans totaling $450M to bolster US space companies

AI Summary

The US Department of Defense issued three loans totaling $450 million to support American space companies. An industry source said the announcements were made because the Pentagon needed to finalize the loans before the end of the fiscal year.

One industry source told Breaking Defense that the reason for the spate of new loan announcements is that the Pentagon “needed to finalize loans by the end of the fiscal year.”