U.S. drone company Powerus has become publicly traded after completing a merger with a subsidiary of Aureus Greenway Holdings (AGH), a publicly listed company backed by Donald Trump Jr. and Eric Trump through their stake in American Ventures.
Under the agreement, Powerus will continue as the surviving entity, while AGH will adopt the Powerus name. CEO Andrew Fox said the transaction would allow the company to scale up to meet customer demand without changing its operational priorities.
Military contracts in the U.S. and abroad
Founded in October 2025, Powerus set out to bring battle-tested Ukrainian drone technology to the United States. Since then, it has secured contracts with the Pentagon and customers overseas.
Its deals include a $2.5 million Defense Department purchase order for 1,500 first-person-view (FPV) drones.
Powerus also has an Air Force contract for its Guardian-2 counter-drone interceptor. The indefinite-delivery/indefinite-quantity agreement allows the service to place orders as needed and has a ceiling value of up to $90 million if all options are exercised.
Internationally, the company has booked a limited drone procurement order from Pakistan and is working with a local manufacturer in the United Arab Emirates to establish a production site for its Guardian counter-drone system.
Scrutiny over potential conflicts of interest
The company’s ties to President Donald Trump’s sons have drawn scrutiny from Democratic lawmakers. In a March letter to Defense Secretary Pete Hegseth, Senators Elizabeth Warren and Richard Blumenthal warned that the involvement of the president’s children could raise concerns about corruption and conflicts of interest involving any Pentagon contracts awarded to the company.
Blumenthal later cited Powerus’s Defense Department contracts as one reason he introduced legislation in September that would impose a 100 percent surtax on income earned by a company owned or controlled by the president or members of his family.
Powerus officials have repeatedly denied that the company faces any conflict of interest. Co-founder Brett Velicovich has said that the company’s work has nothing to do with politics.
