Powerus Wins $90M Air Force IDIQ Contract for Aerial Denial Drones
PUSA sits 98% above its 52-week low of $1.8 on light trading volume (0.2× avg).
Summary
Powerus, via its Tandem Defense subsidiary, secured a competitively awarded IDIQ contract from the U.S. Air Force with a ceiling of up to $90 million through mid-2028 for Group 1 aerial-denial unmanned aircraft systems. The contract includes ancillary support, training, and field service. Revenue depends on task orders placed against the ceiling, with initial funding already obligated. This follows a series of defense milestones: Phase II selection in the Pentagon's $1B Drone Dominance Program in May, Phase 3 advancement in the Army's xTech Adaptive Strike competition in July, and the recent S-4 filing revealing Powerus holders will own 83% of the combined company post-merger with Aureus Greenway. The contract significantly expands Powerus's defense backlog and validates its technology in a new service branch, strengthening the narrative ahead of the expected summer 2026 merger close. The $90 million ceiling is material relative to the company's current scale and adds a multi-year revenue stream, though actual orders may be lower. Dominari congratulated Powerus on the multimillion-dollar contract.
At the time of this announcement, PUSA was trading at $3.57 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $65.2M. 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 9 out of 10. Source: GlobeNewswire.