US drone maker Powerus says it signed MoU with Pakistan Army, gets initial order
US drone firm Powerus has signed a memorandum of understanding (MoU) with the Pakistan Army that includes an initial drone-related order, co-founder Brett Velicovich told Reuters on Wednesday. Velicovich declined to provide details, citing security sensitivities, but said the deal fell within the category of unmanned aerial systems. He also declined to disclose the value of the order, citing…
US drone manufacturer Powerus has entered into a memorandum of understanding (MoU) with the Pakistan Army, including an initial drone-related order, according to co-founder Brett Velicovich. Velicovich declined to disclose details of the deal, citing security concerns, but stated that the agreement pertains to unmanned aerial systems.
The company, which provides aerial and maritime drones for military and industrial applications, is set to merge with a publicly traded company called Aureus Greenway Holdings, backed by Donald Trump's sons, Donald Trump Jr and Eric Trump. Both firms anticipate the merger to be completed by early October. The deal was discussed during a meeting between a Powerus delegation led by Velicovich and the Chief of Defence Forces and Chief of Army Staff of the Pakistan Army.
Powerus founder and CEO Andrew Fox mentioned that Pakistan's private defense sector is still emerging, allowing US firms to gain a competitive edge. He expressed interest in potential joint technology ventures between the two countries and emphasized that Powerus' growth is based on merit and that the Trump sons have no involvement in the company's management or procurement of contracts.
Written by urgent.news from Dawn - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
