Powerus Lands $22.3M Middle East Counter-Drone Contract
PUSA sits 90% above its 52-week low of $1.8 on light trading volume (0.2× avg).
Summary
Powerus, the drone maker merging with Aureus Greenway (PUSA), signed a $22.3 million commercial contract to deploy networked counter-UAS detection and early-warning systems protecting oil and gas infrastructure in the Middle East. The deal is roughly 24% of PUSA's current market cap, making it highly material for the pre-merger entity. It follows a string of defense wins this year, including a $1B Pentagon program phase, an Air Force IDIQ, and a $2.51M prime contractor order. The contract expands Powerus into commercial energy infrastructure protection and includes a pathway to integrate its Guardian interceptor technology. The merger with Aureus Greenway is still pending, expected to close in summer 2026.
At the time of this announcement, PUSA was trading at $3.42 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $92.1M. The 52-week trading range was $1.80 to $8.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.