West Palm Beach Corporation wins $90 million Air Force Contract

Powerus subsidiary wins Air Force contract worth up to $90M

WEST PALM BEACH, Fla. - Autonomous Power Corporation, operating as Powerus (NASDAQ:PUSA), announced Monday that its subsidiary Tandem Defense LLC received a contract from the U.S. Air Force for Group 1 aerial-denial unmanned aircraft systems.

The competitively awarded indefinite-delivery/indefinite-quantity contract has a ceiling value of $90 million and extends through mid-2028, according to a press release statement. The contract includes ancillary support equipment, operator training, and field service representative support.

The Air Force Life Cycle Management Center at Wright-Patterson Air Force Base in Ohio manages the contract. Under the IDIQ structure, the Air Force may place individual orders against the ceiling as requirements arise, with work locations to be determined by follow-on task orders.

Powerus stated that actual revenue will depend on individual task orders placed by the Air Force and may be materially less than the $90 million ceiling. The contract remains subject to government funding availability, task-order issuance, and the government’s right to terminate for convenience. The Air Force has obligated initial funding as of the announcement date.

Tandem Defense manufactures unmanned aircraft systems for military, government, and law enforcement customers in the United States.

Powerus (Nasdaq: PUSA), is a defense technology company headquartered at 515 North Flagler Drive in West Palm Beach, Florida. The company builds unified autonomous drone and counter-UAS systems for military and commercial operations.

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