The American company Powerus, with the support of Eric Trump and Donald Trump Jr., is attempting to secure contracts to supply interceptor drones to Gulf states.
The sales come amid threats from Iran and these countries’ dependence on US military support under their father’s leadership, reports ABC News.
The Florida-based manufacturer is demonstrating its technology in several Middle Eastern countries to showcase its capabilities in defending against Iranian attacks. The US president’s sons acquired significant equity stakes in the company shortly after hostilities began.
Powerus co-founder Bret Velichovich confirmed that interceptor tests are being conducted in the region. According to him, the team is currently conducting numerous demonstrations because these systems “can save lives.” It is known that the company manufactures Guardian-1 anti-aircraft drones for $20,000.
Velichkovich declined to name specific countries or provide details of the negotiations. He emphasized that the US is in the midst of an arms race and must rapidly ramp up production to avoid falling behind China and Russia.
Powerus also expects to receive a portion of the $1.1 billion the Pentagon has allocated to establish a production base for strike drones. These funds are intended to fill the gap left by the ban on importing such technology from China.
Veterans of the US Army Special Operations Forces founded the company about a year ago. Initially, it manufactured drones for commercial purposes, including for fertilizer application and fighting forest fires.
The manufacturer is now rapidly expanding its capacity to meet military needs. The company recently raised $60 million in investments from private investors.
In early March, it was reported that Eric and Donald Trump Jr. are investing in Powerus, which plans to acquire Ukrainian technology.
The company plans to go public on the Nasdaq in the near future by merging with Aureus Greenway, a holding company that owns several golf courses in Florida.
Aureus Greenway’s shareholders include the Trump family’s investment fund American Ventures, Unusual Machines—where Donald Jr. is a shareholder and member of the advisory board—and Dominari Securities, an investment bank linked to the Trump family.
Over the past six months, Powerus has acquired three small companies and sells both aerial and maritime drones. The company has announced plans to produce over 10,000 drones per month.
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