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Company backed by Trump sons looks to sell drone interceptors to Gulf states being attacked by Iran
Powerus has raised about $60 million and is pitching Guardian-1 interceptors as Gulf states seek cheaper defenses against mass Iranian drone attacks.
- Florida-Based Powerus is pitching defensive drone interceptors to Gulf nations to help ward off Iranian attacks, recently bringing aboard Eric Trump and Donald Trump Jr. as investors to expand its business.
- Gulf countries seek these defenses following strikes President Donald Trump launched with Israel against Iran over a month ago, positioning the firm to potentially profit from the conflict their father began.
- Powerus aims to access $1.1 billion in Pentagon funding for domestic drone manufacturing, having raised $60 million and planning a "reverse merger" with a Trump company listed on the Nasdaq.
- Former White House ethics lawyer Richard Painter warned that Gulf nations face pressure to buy from the president's sons, though The Trump Organization has dismissed such conflict-of-interest claims.
- Co-Founder Brett Velicovich, an Army veteran, defended the company's efforts, stating "We are in an arms race and America will lose if we don't build fast." He added the U.S. should support American manufacturing investment.
46 Articles
46 Articles
Donald Trump's sons Eric and Don Jr. have invested in a drone company that is now trying to sell defense drones to countries in the Middle East under attack by Iran, allowing the sons to profit from a war their father started, an ethics expert says.
Tulsa World
Company backed by Trump sons looks to sell drone interceptors to Gulf states
A drone maker backed by President Donald Trump's oldest sons is trying to sell to Gulf countries while they are under attack by Iran and dependent on the U.S. military.
Eric and Donald Trump Jr. have been investors of Powerus for a month now, a company of an American veteran specializing in defense technology.More information: The suspicious investments of the top US officials: the big figures that move right before military operations
Powerus backed by Trump sons looks to sell drone interceptors to Gulf states being attacked by Iran
Powerus cofounder Brett Velicovich told The Associated Press that the company is making sales pitches that include drone demonstrations in several Gulf countries to show how its defensive drone interceptors could help them ward off Iranian attacks.
Trump's Sons Profit From Iran War: Eric And Trump Jr Back 'Powerus' Selling Drone Interceptors To Gulf Countries
Trump sons Eric and Donald Trump Jr. backed drone company, Powerus, which seeks to sell to Gulf countries amidst Iran tensions, raising conflict of interest concerns as Donald Trump leads US military response.
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