Trump sons-backed Aureus leaps after Powerus starts counter-drone manufacturing in Gulf

Dominari Holdings

24/08/2026 16:21

** Shares of Aureus Greenway PUSA.O, which is moving toward merger with Powerus, leap 17.9% to nine-week high $4.05 after saying counter-drone manufacturing started in the Middle East
** Aureus, backed by President Donald Trump's eldest sons, and Powerus jointly said early Mon manufacturing of its drone interceptor, Guardian, started at a dedicated facility in the Gulf Cooperation Council region, established through a multi-year partnership with a regional defense manufacturer
** Regional manufacturing places production capacity closer to customers, shortening delivery timelines compared with shipping finished systems from the U.S., cos said
** On Thurs, drone and radar maker Powerus said it inked $22.3 mln contract to protect Middle East oil and gas infrastructure
** Aureus changed its ticker to "PUSA" ahead of pending combination with Powerus; the deal announced in March expected to be completed in Q4
** With the advance, PUSA shares up 28% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))