A new drone company with the backing of President Donald Trump’s sons is positioning itself to capitalize on the administration’s recent ban on new Chinese drones and the Pentagon’s growing demand for unmanned aerial systems.
Eric Trump and Donald Trump Jr. are supporting Powerus, a drone roll-up company based in West Palm Beach, Florida. According to Powerus executives, the company is merging with a publicly traded golf-course holding company backed by the Trumps in a reverse merger. The deal is expected to result in Powerus, which was formed only last year, trading on the Nasdaq stock exchange in the coming months.
This transaction brings the Trump family into deeper involvement in the multibillion-dollar drone sector, which is currently experiencing significant shifts due to recent policy changes by the administration. These changes include a new emphasis by the Pentagon on the rapid, large-scale adoption of small drones, as well as a national ban on new models of Chinese drones. Chinese manufacturers have dominated the U.S. consumer and commercial drone markets for over a decade.
Powerus is expected to vie for contracts to meet the fresh demand from the Pentagon and fill the supply gap created by the administration’s ban. The move represents a significant entry into the defense and technology sector for the Trump family’s business interests.
