"On Monday, one week after six U.S. soldiers were killed by a drone strike in Kuwait, the Trump brothers announced they are backing a company called Powerus, which makes drones to operate in "high-risk environments," such as a war or whatever euphemisms lawmakers are using for Donald Trump's attack on Iran this week."
"In December, Trump banned foreign drones from the U.S. market, including government contracts, citing national-security concerns. Just as the Trump brothers stepped in to sell crypto products after their president/father made the regulations more industry-friendly this past summer, they are stepping in to sell drones when the Department of Defense/War needs them most."
"Eric and Donald Trump Jr. have actually been in the drone business for several months now. Late last year, Trump Jr. joined the board of a drone manufacturer called Unusual Machines that is already getting government contracts; in February, Eric Trump invested in an Israeli drone manufacturer that boasts of its "low cost per kill" ratio."
Donald Trump Jr. and Eric Trump are capitalizing on their father's presidency by investing in and backing drone manufacturers. Following a drone strike that killed six U.S. soldiers in Kuwait, the brothers announced backing Powerus, a drone company for high-risk environments. This follows Trump's December ban on foreign drones from U.S. government contracts. The brothers have been involved in the drone sector for months, with Trump Jr. joining the board of Unusual Machines and Eric investing in an Israeli drone manufacturer. Their latest move involves taking Powerus public through a reverse merger with a golf-course holding company in which the Trumps have stakes, allowing rapid public listing while the Department of Defense faces increased drone needs.
#trump-family-business-dealings #military-industrial-complex #drone-technology-and-defense-contracting #conflict-of-interest #government-procurement
Read at Intelligencer
Unable to calculate read time
Collection
[
|
...
]