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New drone maker partly owned by Trump sons hopes to win Pentagon contracts
Powerus raised $60 million and acquired three rivals in six months to compete for Pentagon's $1.1 billion armed drone manufacturing contracts amid U.S. import bans on China.
9 Articles
9 Articles
AMID WAR, TRUMP FAMILY TRADES IN MILITARY DRONES
Emirates 24/7 — Eric Trump and Donald Trump Jr. are planning to invest in Powerus, a drone startup aiming to capitalize on surging demand from the Pentagon amid tightening U.S. restrictions on Chinese-made unmanned aerial vehicles (UAVs).According to the Wall Street Journal, the West Palm Beach-based company intends to manufacture drones by acquiring advanced Ukrainian combat technology, specifically adapted and marketed for the U.S. military. P…
Associated Press News
New drone maker partly owned by Trump sons hopes to win Pentagon contracts
Among dozens of companies competing for Pentagon contracts to supply attack drones, one stands out: Powerus, flush with cash and ballooning in size as it buys up rivals.
President Donald Trump’s sons have taken a strategic step in the technology defense sector by investing in Powerus, a new drone company based in West Palm Beach, Florida. This decision comes at a time when the Pentagon is significantly increasing its spending on unmanned aircraft systems, reinforcing the importance of the private defense industry in the United States. Powerus announced on Monday that it will be on the stock market through a merg…
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