Powerus wins Pakistan defense order for unmanned aerial systems

Autonomous Power Corporation, doing business as Powerus, announced it received a limited procurement order from the Ministry of Defence of Pakistan for unmanned aerial systems and associated support, according to a press release issued Sept. 17, 2026.

No financial terms of the order were disclosed. The company described the order as an expansion of its international defense business.

Alongside the order, Powerus signed a memorandum of understanding with senior Pakistani defense officials establishing a framework for potential expanded cooperation in unmanned and autonomous defense technologies. The memorandum creates no purchase obligation and does not require either party to proceed. Any program or procurement under the framework would require definitive agreements, applicable U.S. government approvals, and compliance with U.S. export control laws.

A Powerus delegation led by Co-Founder Brett Velicovich met with Field Marshal Syed Asim Munir, Chief of Army Staff and Chief of Defence Forces, at General Headquarters in Rawalpindi on Sept. 16, 2026. Inter-Services Public Relations, the media wing of the Pakistan Armed Forces, stated the meeting covered defence technology trends and avenues for cooperation in defence procurement, production, and capacity building.

"This is an important milestone for Powerus as we expand our international defense footprint," said Velicovich. "We are proud to support Pakistan's Ministry of Defence, and the memorandum gives both sides a strategic framework to build upon."

Separately, Powerus has entered into a definitive merger agreement with Aureus Greenway Holdings Inc. (Nasdaq: PUSA), under which Powerus will merge into a newly formed subsidiary of Aureus Greenway, with the combined entity expected to adopt the name Powerus Corporation. The merger is expected to close in the fourth quarter of 2026, subject to customary closing conditions and required regulatory approvals.

You May Also Be Interested In

• SpaceX stock drops on merger concerns and policy risks
• SpaceX Super Intelligence launches partner network program
• Moderna (MRNA) on Watch Following Chatter of Positive Data