Drone startup Neros secured a Defense Department contract worth up to $500M to supply its first-person-view drones to the Army. The contract

Drone startup Neros secured a Defense Department contract worth up to $500M to supply its first-person-view drones to the Army. The contract supports the Army’s plan to increase its drone purchases from around 50,000 per year to at least one million within about two years. The deal is structured to give the Army flexibility, allowing it to spend far less than the maximum sum if it is dissatisfied with the drones. WSJ