US drone maker Powerus signs Pakistan Army MOU, gets initial order

PUSA•2026-09-17

Merger plans and Pakistan military meeting

Powerus, which offers aerial and maritime drones for military and industrial use, is due to merge with a publicly traded company backed by two of U.S. President Donald Trump's sons, called Aureus Greenway Holdings. Both companies have said they expect the merger to complete in early October.

Trump's sons, Donald Trump Jr. and Eric Trump, own a stake in Aureus through an investment fund called American Ventures, according to U.S. regulatory filings. American Ventures is expected to hold a 9.9% beneficial ownership stake in the combined company after the merger, regulatory filings show.

Pakistan's military on Wednesday said a Powerus delegation led by Velicovich met Field Marshal Syed Asim Munir and they discussed defence procurement, production and long-term capacity building. The military statement did not mention the MoU.

The military's media wing did not immediately respond to a request for comment on the agreement outside business hours.

US drone maker Powerus signs Pakistan Army MOU, gets initial order

Merger plans and Pakistan military meeting

Warming U.S.-Pakistan ties and company comments

Powerus signs Pakistan Army MOU and receives initial order

Related News

ING Groep To Redeem $1.50 Bln Of Perpetual Capital Securities

Snowflake SVP Engineering Vivek Raghunathan disposes of common shares worth $4.15 million

Indonesia to begin e-commerce tax collection from October 1, media reports

Life360 director Charles J. Prober disposes of 7,930 common shares for $334,007.60

Shares tick higher as Fed hikes rates, dollar jumps with short-term yields