politics Islamabad, Pakistan
Pakistan receives drone order from US-based Powerus
9.9%
Powerus is expected to hold a 9.9 percent beneficial stake in the combined company after its merger with Aureus Greenway Holdings.
Powerus said it received a limited procurement order from Pakistan’s Ministry of Defence and signed a separate memorandum of understanding with the Pakistan Army. The company’s technology is also licensed for manufacture and sale in India.
1 sourceAl JazeeraUpdated
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Powerus received a limited procurement order from Pakistan’s Ministry of Defence for unmanned aerial systems.
“it had received a “limited procurement order” from Pakistan’s Ministry of Defence for unmanned aerial systems”
Powerus signed a memorandum of understanding with the Pakistan Army.
“The MoU was signed with the Pakistan army”
Powerus’s memorandum of understanding creates no purchase obligation.
“the memorandum was not a definitive agreement, created no purchase obligation”