Work began on the drone in 1937 at the Argus-Flugmotorenwerke (Argus aero-engine factory) in Berlin-Reinickendorf. Apart from Argus, two other companies were involved in the production of the As 292: Deutsche Forschungsanstalt für Segelflug () supplied technical assistance with the airframe construction; C. Lorenz Company with the radio-control system.
The drone's development started in 1937 at the Argus-Flugmotorenwerke (Argus aero-engine factory) in Berlin-Reinickendorf.  Besides Argus, two other companies were involved in producing the As 292: Deutsche Forschungsanstalt für Segelflug () provided technical support for the airframe construction; C. Lorenz Company with the radio-control system.