The order expands Powerus’s international defense business. It was announced alongside a separate memorandum of understanding covering potential cooperation with Pakistan in unmanned and autonomous technologies.
The memorandum provides a framework for the two sides to explore additional projects and possible future deployment of Powerus systems. It is not a binding purchase agreement and does not require either party to proceed with a program.
Any procurement pursued through the framework would need to be covered by a definitive agreement. It would also require compliance with U.S. laws and regulations and receipt of applicable government approvals.
The announcement followed a September 16 meeting between Pakistani military leaders and a Powerus delegation led by co-founder Brett Velicovich. Field Marshal Syed Asim Munir, Pakistan’s Chief of Army Staff and Chief of Defence Forces, received the delegation at General Headquarters in Rawalpindi.
Pakistan’s Inter-Services Public Relations said the meeting covered changing defense technology, procurement, production and capacity building. According to the military’s media office, both sides expressed interest in expanding cooperation in areas of mutual interest.
“This is an important milestone for Powerus as we expand our international defense footprint,” said Brett Velicovich, Co-Founder of Powerus. “We are proud to support Pakistan’s Ministry of Defence, and the memorandum gives both sides a strategic framework to build upon.”
Powerus develops autonomous air and maritime systems, heavy-lift platforms, mission systems and related training and support. The company also lists U.S.-based manufacturing among its capabilities.
Powerus has entered into a definitive merger agreement with Aureus Greenway Holdings, which is listed on Nasdaq under the ticker PUSA. The transaction has not closed and remains subject to customary conditions and regulatory approvals.
