Established in 2022 during the Biden administration, the Pentagon's Office of Strategic Capital (OSC) is expanding, its director said on Tuesday. OSC originally had $984 million in authority for equipment loans up to $150 million each, but, under Defense Secretary Pete Hegseth, that $984 million pot has increased to "over $210 billion," David Lorch, OSC's director, told a Center for Strategic and International Studies panel discussion. "We're focused on making loans, principally between $1 billion and $5 billion per loan,"…
