"Donald Trump Jr. and Eric Trump are investing in a Florida-based drone company called Powerus that "is vying to meet fresh demand from the Pentagon" for drones that started when the Trump administration banned foreign-made drones and drone components from the US in December."
""Investors in the deal include one of the Trumps' investment vehicles, American Ventures," reported the Journal, "and Unusual Machines, a drone components company where Donald Trump Jr. is a shareholder and advisory board member ... Powerus is also a customer of Unusual Machines.""
"The company will soon be going public by merging with Aureus Greenway Holdings, a publicly traded golf-course holding company that is also backed by the Trumps, and is expected to make its debut on the Nasdaq stock exchange in the coming months."
Donald Trump Jr. and Eric Trump are investing in Powerus, a Florida-based drone company positioned to capitalize on increased Pentagon demand. This demand surge follows the Trump administration's December ban on foreign-made drones and drone components in the United States. Powerus will go public through a merger with Aureus Greenway Holdings, a Trump-backed golf-course company, with a planned Nasdaq debut in coming months. The investment involves American Ventures, one of the Trumps' investment vehicles, and connects to Unusual Machines, a drone components company where Donald Trump Jr. serves as shareholder and advisory board member. Powerus CEO Andrew Fox projects strong market growth, noting the drone sector will expand faster than traditional industries like golf courses.
#trump-family-investments #defense-contracting #drone-industry #pentagon-procurement #conflict-of-interest
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