Trump sons-backed drone firm eyes Gulf markets amid Iran war

A drone manufacturer backed by Donald Trump's two eldest sons is seeking to expand sales in Gulf countries, as the region faces heightened tensions with Iran and remains reliant on US military support led by their father.

Florida-based Powerus is pitching its technology across several Gulf states, positioning itself to potentially benefit from the ongoing US-Israel conflict with Iran. Co-founder Brett Velicovich told The Associated Press that the company is conducting drone demonstrations to showcase how its defensive interceptor systems could help counter Iranian threats.

The involvement of the Trump brothers could translate into sizable equity stakes in the company. Their father, as commander in chief, launched strikes alongside Israel against Iran more than a month ago – an escalation that has heightened regional security concerns and driven demand for advanced defense systems.

Since returning to office, the president's eldest sons have broadened their business portfolios beyond traditional sectors such as hotels and golf courses. Their investments and advisory roles, often tied to equity stakes, now span cryptocurrency ventures, prediction markets and federal contractors producing rocket components and rare earth magnets.

Founded in 2025 by Andrew Fox, Powerus develops heavy-lift drones capable of carrying industrial payloads of up to 675 kilograms. The company also provides services to convert manned vessels into remotely operated or fully autonomous systems. Its founding team includes US Army Special Operations veterans.

Meanwhile, Trump is set to unveil a $1.5 trillion defense budget proposal on April 3, marking what would be the largest year-over-year increase in military spending since World War II. The proposal is expected to include funding for the controversial $185 billion "Golden Dome" missile defense system, alongside procurement of F-35 Lightning II jets and additional warships.

In 2025, the administration requested $892.6 billion for national defense, later adding $150 billion through a supplemental package – pushing total spending beyond $1 trillion for the first time. While the broader framework for the fiscal year ending September 30, 2027 will be released on April 3, and further details are expected from the Pentagon on April 21.

(With input from agencies)