US EditionTrump Sons Back New Drone Company
Trump sons back Powerus, aiming to produce 10,000 drones monthly and fill Pentagon drone supply gaps after U.S. ban on Chinese models, expanding Trump-backed ventures.
5 Articles
5 Articles
The Trump Sons Are Defense Contractors Now
Donald Trump Jr. and Eric Trump’s new deal to take a drone-maker public would make their new golf-course/drone firm among the largest drone producers in the U.S. — just after their father launched a war in which drones are playing a critical role.
Trump family money throws money at drone company courting defense contracts
President Donald Trump's sons, Don Jr. and Eric, are being questioned on what they might know about the future of the U.S.'s war with Iran after they were found to be backing a new drone company effort. The Wall Street Journal reported Monday that the two Trump sons are seeking a kind of "reverse merger" of their companies, American Ventures and Unusual Machines, with Powerus, which is seeking to acquire a Ukrainian drone company. Don Jr. is a s…
Trump Sons Back New Drone Company
“Eric Trump and Donald Trump Jr., the president’s sons, are backing a new drone company that is vying to meet fresh demand from the Pentagon and fill a hole left by the administration’s ban on new Chinese drones in the U.S.,” the Wall Street Journal reports.
Florida-based Powerus is in the advanced stages of a "reverse merger" process that will lead it to trading on the Nasdaq Stock Exchange, but behind the scenes there is a complex network of connections leading directly to the Trump family. A report published in the Wall Street Journal reveals that investment funds and banks close to the family hold significant ownership stakes in the company, with Donald Trump Jr. himself serving as an advisor an…
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