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Trump sons to Gulf states: we’ve got some drone interception tech to sell you

Florida-based drone manufacturer Powerus is actively pitching defensive interceptor technology to Gulf nations while securing equity stakes for Eric Trump and Donald Trump Jr. amid ongoing regional conflicts.

Key Points

  • Powerus is conducting drone demonstrations across the Middle East to help Gulf countries defend against Iranian attacks.
  • The company recently raised $60 million and is pursuing a reverse merger with a Nasdaq-listed Trump-owned entity to go public.
  • Powerus aims to compete for a $1.1 billion Pentagon fund designated for domestic drone manufacturing and defense technology.
  • Co-founder Brett Velicovich stated the company’s mission is to bolster U.S. manufacturing and counter drone advancements from China and Russia.
  • Ethics experts have raised concerns regarding potential conflicts of interest involving the president's sons profiting from military-related contracts during wartime.

Why it Matters

This venture highlights the intersection of presidential family business interests and U.S. foreign policy during an active military conflict. The situation raises significant questions regarding ethics and potential influence peddling as the Trump family expands its portfolio into federal contracting and defense sectors.
Fortune Published by Bernard Condon, The Associated Press
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