"According to recent reporting by the Wall Street Journal, the young Trump is taking part in a $1.5 billion deal to take the drone company Xtend public. Potential Xtend investors will be happy to know the company already comes with a multi-million contract with the Pentagon, and is part of the Defense Department's "Drone Dominance Program," an effort reform the weapons procurement process and rapidly produce swarms of low cost drones, Al Jazeera has reported."
"In sum, Xtend's services are now being pitched to the same Pentagon Donald Trump controls, under direction from his son, aided by a US footprint funded by Florida taxpayers. In case the web wasn't tangled enough, the WSJ notes that, Donald Trump Jr - another presidential scion - has separately thrown his name behind the military drone firm Unusual Machines, itself a strategic investor in the Xtend deal."
Eric Trump is participating in a $1.5 billion transaction to take Xtend, an Israeli drone manufacturer, public. Xtend holds a multi-million dollar Pentagon contract and participates in the Defense Department's "Drone Dominance Program" to mass-produce low-cost drone swarms. Xtend's drones reportedly killed Hamas leader Yahya Sinwar in Gaza in 2024. Activists in the United States have targeted the company and noted a facility established with help from the Florida Israeli Business Accelerator, a taxpayer-funded initiative. Donald Trump Jr. has backed Unusual Machines, a strategic investor in the Xtend deal. Don Jr. and Eric have joined investments in eleven companies since the 2024 election.
Read at Futurism
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