US drone maker Powerus signs Pakistan Army MOU, gets initial order
Velicovich declined to provide details, citing security sensitivities
US drone manufacturer Powerus has signed a memorandum of understanding (MoU) with Pakistan's Army, leading to an initial order for unmanned aerial systems, according to co-founder Brett Velicovich. The deal's specifics, including its monetary value, were not disclosed due to security sensitivities. Powerus, which provides aerial and maritime drones for military and industrial use, is set to merge with a publicly traded company, Aureus Greenway Holdings, which is backed by Donald Trump Jr and Eric Trump.
The merger is expected to conclude in early October. The event took place as relations between the United States and Pakistan have improved since strained years. Powerus' CEO, Andrew Fox, noted that Pakistan's defense sector is still developing, presenting opportunities for US firms. Velicovich mentioned the potential for joint technology development, incorporating best-in-breed technologies from both the US and Pakistan. The White House confirmed there are no conflicts of interest involved in the deal.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
