Trump Sons Fund Drone Firms, Eye Pentagon Sales

and Eric Trump, are significantly investing in the burgeoning drone sector, sparking controversy over potential conflicts of interest. Their involvement includes Power RUS, a drone company planning a Nasdaq listing via a merger with Aureus Greenway Holdings, and XTEND, an Israeli military drone maker also seeking a Nasdaq listing.

The Trump family's investment firm, American Ventures, and Dominari Securities, an investment bank backed by the sons, are facilitating these transactions. This strategic timing coincides with the U.S. Department of Defense's $1.1 billion "drone superiority program" to procure hundreds of thousands of U.S.-made drones by next year, and the FCC's ban on new Chinese drone imports.

Furthermore, the prominent role of low-cost drones in the ongoing Iran war, which began with U.S. and Israeli airstrikes, has amplified demand. Unusual Machines (UMAC), a drone parts company where Trump Jr.

is a shareholder and adviser, has seen its share price rise over 20% since the conflict began. Power RUS aims to produce over 10,000 drones monthly and is exploring acquisitions in Ukraine, positioning these ventures to capitalize on surging defense spending and geopolitical tensions.