Powerus Launches Ag Division with $60M Australia-NZ Deal and FAA Certification
PUSA has more than doubled off its 52-week low of $0.605 on light trading volume (0.2× avg).
Summary
Powerus is commercializing its heavy-lift drone tech for agriculture, launching a dedicated division alongside a $60M exclusive distribution deal with Aerospread for Australia and New Zealand. The agreement sets performance-based sales targets over five years, not binding commitments, but signals real market entry. Simultaneously, Sprig Aerospace will standardize its U.S. spraying fleet on Powerus aircraft, and the FAA granted a Special Airworthiness Certificate for the xFold Dragon H1000 — a key regulatory step toward commercial deployment. This follows Powerus's recent defense milestones, including Phase II of the Pentagon's $1B Drone Dominance Program and Phase 3 of the Army's xTech competition. The agriculture push diversifies revenue beyond defense and taps a market projected to grow from $3.4B to $21.6B by 2033. The merger amendment with Aureus Greenway on July 20, increasing earn-out shares to 55M, adds financial context — these commercial wins strengthen the combined entity's growth story.
At the time of this announcement, PUSA was trading at $3.45 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $72.8M. The 52-week trading range was $0.61 to $8.25. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.