A drone maker backed by U.S. President Donald Trump's two sons said it is in talks to sell defense technology to Pakistan. According to Sina Finance, the company, Powerus, said co-founder Donald Trump Jr. and Eric Trump are among its investors.

The co-founder said Powerus signed a memorandum of understanding with Pakistan's de facto ruler, Army Chief Asim Munir, on Wednesday. According to Sina Finance, the agreement is intended to lay the groundwork for a localized production joint venture in Pakistan and includes terms for selling drones and interception equipment to Pakistan's military.

The company declined to disclose the commercial terms of the deal, but said the agreement includes an initial supply order related to drone technology.