Last mentioned: 4h ago
Drone Dominance Deadline
Pentagon's target date for deploying 200,000 domestic drones.
Planned Nasdaq Listing
The merged entity targets a public listing to raise capital for drone production.
Merger Announcement
Eric Trump and Donald Trump Jr. confirm the merger of Aureus Greenway Holdings and Powerus.
Donald Trump Jr. and Eric Trump have transitioned their business focus toward the defense sector, merging their golf-centric entity, Aureus Greenway Holdings, with drone startup Powerus. The venture is positioned to capture over $1.1 billion in Department of Defense funding as the U.S. government aggressively phases out Chinese-made unmanned aerial systems.
Eric Trump and Donald Trump Jr. are merging their golf-focused firm, Aureus Greenway Holdings, with Florida-based drone manufacturer Powerus. The strategic move aims to capture a significant share of the Pentagon's $1.1 billion 'Drone Dominance' initiative amid a federal ban on Chinese-made UAS components.