51 min ago
Trump sons’ drone venture denies conflicts of interest
BY
BERNARD CONDON
FILE - Donald Trump Jr. and Eric Trump listen to President Donald Trump’s State of the Union address at the U.S. Capitol in Washington, Feb. 24, 2026. (AP Photo/Alex Brandon, file)
This latest Trump venture, Powerus, has its sights on $1.1 billion set aside by the Pentagon to build up a U.S. manufacturing base for armed drones to fill a hole left when the Trump administration banned such imports from China.
The Florida-based company denied any conflicts when it announced the
Trump brothers’ deal. Asked about potential Powerus conflicts of interest specifically, Eric Trump sent the AP a statement last month saying, “I am incredibly proud to invest in companies I believe in. Drones are clearly the wave of the future.”
The company recently raised $60 million from investors and hopes to tap additional financing by doing a “reverse merger” with a Trump company listed on the Nasdaq stock exchange that owns a few golf courses. Such a merger allows a private business to quickly go public, shortening the process of filing paperwork and meeting various requirements of a regular initial public offering.
54 min ago
Company backed by Trump sons is pitching drone interceptors to Gulf states being attacked by Iran
BY
BERNARD CONDON
A drone maker backed by Eric Trump and Donald Trump Jr. is trying to sell to countries that now depend on the U.S. military led by their father, positioning them to benefit from the war he began.
Powerus co-founder Brett Velicovich told The Associated Press that the company is making sales pitches that include drone demonstrations in several Gulf countries to show how its defensive drone interceptors could help them ward off Iranian attacks.
“These countries are under enormous pressure to buy from the sons of the president so he will do what they want,” said Richard Painter, a former chief White House ethics lawyer under President George W. Bush. “This is going to be the first family of a president to make a lot of money off war — a war he didn’t get the consent of Congress