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Stock impact report

Trump brothers-backed Aureus to merge with drone maker Powerus [BNN Bloomberg (Canada)]

JFB Construction Holdings - Class A (JFB) 
Company Research Source: BNN Bloomberg
The transaction is the latest in Eric and Donald Trump Jr.'s growing investments in the drone sector, following last month's US$1.5 billion tie-up between Israeli drone maker XTEND and Florida-based JFB Construction Holdings. Drones have become a major procurement priority for the Pentagon and are widely used in Ukraine, where dense air defense systems near the front lines limit the deployment of conventional aircraft. This growing reliance has also drawn significant Silicon Valley funding into drone and military artificial intelligence startups, boosting valuations of U.S. companies such as Anduril Industries and Shield AI. Powerus, which was formed in 2025 by Andrew Fox, makes heavy-lift drones that can carry industrial payloads up to 675 kg. The company also offers services to transform existing manned boats into remotely operated or fully autonomous vessels. Fox is expected to serve as chief executive officer and chairman of the combined company, Aureus said in an SEC fil Show less Read more
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