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Drone Dominance Deadline
Pentagon's target date for deploying 200,000 domestic drones.
Nasdaq Listing
The combined entity plans to begin trading on the Nasdaq under the Powerus name.
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.
Merger Announcement
Aureus Greenway Holdings (AGH) announces a business combination with Powerus.
Investor Disclosure
Eric Trump and Donald Trump Jr. are identified as key backers of the Powerus venture.
Iran Conflict Escalation
U.S. and Israeli forces launch strikes in Iran, killing Supreme Leader Ali Khamenei.
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.
Powerus, a drone manufacturer recently merged with a Trump-linked golf firm, is aggressively bidding for $1.1 billion in Pentagon contracts. The move has sparked intense debate over procurement ethics and the rapid expansion of the U.S. small-UAS industrial base.
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.
Donald Trump Jr. and Eric Trump have emerged as key investors in Powerus, an autonomous drone manufacturer merging with Aureus Greenway Holdings to go public. The venture aims to produce 10,000 drones monthly to meet surging Pentagon demand, sparking significant ethics concerns as the administration oversees active military operations in Iran.