A new drone company backed by President Donald Trump’s sons is reportedly trying to help fill the void created by the administration’s ban on Chinese drones in the United States.
Eric Trump and Donald Trump Jr. are backing Powerus, a Florida-based drone company aiming to capitalize on rising Pentagon demand for American-made systems and a growing push to reduce reliance on Chinese technology, The Wall Street Journal reported.
Powerus, headquartered in West Palm Beach, is merging with Aureus Greenway Holdings, a publicly traded golf-course holding company also backed by Trump-linked investors.
The reverse merger will allow Powerus to trade on Nasdaq in the coming months and access public capital markets as it scales production.
The deal highlights the increasing role of domestic companies in a rapidly expanding drone sector as the United States seeks to strengthen national security supply chains and reduce dependence on Chinese manufacturers that have long dominated the global drone market.
