The Pentagon’s Office of Strategic Capital signed a conditional $150 million loan commitment with LeoLabs to expand radar production and deployment, Inside Defense reported on November 4. The backing follows the company’s disclosure of more than $100 million in bookings from US and allied customers.
Matching co-investment would bring the package to $300 million. LeoLabs must still satisfy financial, legal, technical, investment and due-diligence requirements before the debt can close.
LeoLabs runs a global network of ground radars that tracks satellites and debris for government agencies and commercial satellite operators. Its software turns those observations into orbital records and collision alerts, helping operators assess close approaches and plan avoidance maneuvers.
LeoLabs said on October 29 that it was increasing capacity to build several radars at once. The expansion would support its own network as well as deliveries of radar systems for governments to operate themselves.
Scout and Seeker systems were already moving through its US manufacturing line for delivery in 2027, according to that update. LeoLabs also said it planned to nearly double its workforce by the end of 2026.