US president’s son Eric Trump invests in drone maker with gov’t contracts
AI Summary
Eric Trump, son of US President Donald Trump, is investing in a $1.5 billion merger between Israeli drone maker Xtend and Florida-based JFB Construction Holdings, announced in February 2026. The deal aims to take Xtend public. Xtend, whose drones have been used by the Israeli military, recently secured a multimillion-dollar contract with the US Department of Defense and is participating in the Pentagon's Drone Dominance Program. Donald Trump Jr. is also involved, acting as an advisor to drone maker Unusual Machines, which is also investing in the merger. The investment is raising conflict-of-interest concerns given the Trump family's expanding business interests during President Trump's second term.
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