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Trump Family Backs Drone Company for Pentagon Sales

Wall Street Journal US Business •
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The Trump sons are backing a new drone company called Powerus that plans to acquire Ukrainian drone technology for U.S. military sales. Eric Trump and Donald Trump Jr. are supporting the West Palm Beach-based company, which is merging with a publicly traded golf-course holding company they back.

Powerus executives confirmed the reverse merger will result in the company trading on the Nasdaq stock exchange within months. The company aims to fill a gap in the market created by the administration's ban on new Chinese drones in the United States.

The venture represents a strategic move to capitalize on fresh Pentagon demand for domestic drone suppliers. By acquiring Ukrainian drone technology, Powerus positions itself to compete for defense contracts while navigating the geopolitical tensions affecting the drone industry.