Trump’s Son Is Poised to Profit From Pentagon Drone Proposal
A small company that has been manufacturing motors domestically for only a few weeks and has Donald Trump Jr. as an adviser won a parts order from the Army.
It is a bold plan. A team of defense industry start-ups envisions a new fleet of miniaturized, unmanned aircraft carriers stuffed with autonomous killer drones, antiaircraft missiles and torpedoes that will take on just about any enemy at sea.
And this group pitching the Pentagon comes with an unusual sweetener: close financial ties to President Trump’s oldest son, Donald Trump Jr., who is positioned to profit considerably if this ambitious but unproven venture succeeds.
The proposal by the two companies — Puerto Rico-based
Red Cat, with drone parts supplied by
Unusual Machines, based in Orlando, Fla. — reflects the unprecedented role the president’s sons are playing, not only as supporters of their father’s policies but also as investors in ventures selling to agencies their father controls.
Unusual Machines gave Donald Trump Jr.
200,000 shares of its stock late last year in return for his help as an adviser. The shares are now worth about $2.6 million. Though officials at the company and the Pentagon say Mr. Trump’s son has not reached out to the Defense Department on their behalf, he has relationships with some high-level figures there.
Don Jr., as he is broadly known, through these two defense contractors and others he is investing in, has become part of the famed Beltway military-industrial complex, even as his father is setting policy priorities that are likely to benefit the companies he has invested in.
In a recent podcast, Donald Trump Jr. acknowledged that as he helped screen potential candidates for Pentagon positions, he pushed to find someone open to investing more money in drones.
“Everyone was like an old F-15 pilot, and that’s incredible,” he said last month on “Triggered With Don Jr.,” his podcast, referring to candidates for top Air Force jobs and the Boeing-made fighter jets he claimed many of them once flew. “But they sort of want to go with what they know, which is, ‘We’re fighter pilots.’ But they are better served with a drone that costs a tiny fraction of that of a plane.”
The push for a different approach reflects the nature of how warfare is changing, as both sides in the Russia-Ukraine war have relied heavily on drones. Industry analysts have projected that overall spending on commercial drone systems in North America could reach
$21 billion in the next five years, up from $11 billion last year.
~bella