Powerus targets Pentagon drone demand after $90 million Air Force award

  • Powerus plans to merge with Nasdaq-listed Aureus Greenway Holdings in early October.
  • Powerus reported $1.2 million in first-quarter sales and announced a U.S. Air Force award worth up to $90 million.
  • American Ventures is expected to hold 9.9% beneficial ownership in the combined company, filings show.

Powerus, a Florida-based drone startup formed a year ago, is due in early October to merge with Nasdaq-listed Aureus Greenway Holdings, a golf course owner and operator in which Donald Trump Jr. and Eric Trump hold an indirect stake through investment fund American Ventures. Regulatory filings show the fund is expected to hold 9.9% beneficial ownership in the combined company. Powerus executives say the company aims to connect U.S. defense customers with foreign military technology, particularly from Ukraine, while manufacturing products domestically to meet growing Pentagon and overseas demand for drones. The company reported first-quarter sales of $1.2 million after assembling aerial and maritime drone capabilities through acquisitions, but it had no revenue-generating operations when 2026 began. Powerus has announced a U.S. Air Force award worth up to $90 million, a $22.3 million Middle East energy-infrastructure security deal, and several preliminary or limited arrangements involving Pakistan. Its MatrixFold attack drone did not place in the second round of the Pentagon's $1 billion Drone Dominance program. The company says it is negotiating with Ukrainian defense technology firms, including on long-range attack drones, and wants to become a one-stop supplier offering overseas technology with an American face.

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Powerus targets Pentagon drone demand after $90 million Air Force award - CoinPost Terminal