Trump Sons Merge Golf Firm With Powerus to Target $1.1B Pentagon Drone Contracts

The rapid expansion of the United States defence-tech sector has reached a controversial new junction, as Eric Trump and Donald Trump Jr. confirm their latest venture into the lucrative world of unmanned aerial systems.

Through a strategic reverse merger between the Trump-backed golf-course operator Aureus Greenway Holdings and the burgeoning Florida-based manufacturer Powerus, the president’s sons are positioning themselves to capitalise on a massive shift in military procurement.

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Trump sons-backed Aureus to merge with drone maker Powerus

Aureus Greenway (AGH.O), opens new tab, a golf club company backed by the sons of U.S. President ​Donald Trump, said on Monday it would merge with Powerus in a deal ‌designed to take the drone technology company public.

The transaction is the latest in Eric and Donald Trump Jr.’s growing investments in the drone sector, following last month’s $1.5 ​billion tie-up between Israeli drone maker XTEND and Florida-based JFB Construction (JFB.O)

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