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Company backed by Trump sons to sell interceptors to Gulf states being attacked

5 hours ago
  • #US Politics
  • #Military Contracts
  • #Ethical Concerns
  • A drone maker called Powerus, backed by Donald Trump's sons Eric Trump and Donald Trump Jr., is seeking to sell defensive drone interceptors to Gulf states under attack by Iran.
  • The sales drive positions the company to potentially benefit from the war initiated by the Trump administration, raising ethical concerns about conflicts of interest and profiting from conflicts without congressional consent.
  • Powerus co-founder Brett Velicovich emphasized the company's mission to help the U.S. compete with Chinese and Russian drone manufacturers, framing it as part of a broader arms race.
  • The Trump sons have expanded their business interests since their father's presidency, investing in various sectors including cryptocurrency, prediction markets, and federal contractors.
  • Powerus aims to tap into $1.1 billion in Pentagon funding for building a U.S. armed drone manufacturing base, following a ban on Chinese drone imports.
  • The company was founded by U.S. Army Special Operations veterans and makes drones for both commercial and military uses, recently raising $60 million and considering a reverse merger with a Trump-linked Nasdaq-listed company.