Tuesday, 02 January 2024 12:17 GMT

Trump Sons-Backed Firms Bank $6 Billion Plus In Pentagon Deals


(MENAFN- Asia Times) An analysis published on Wednesday by ABC News estimated that companies backed financially by Donald Trump Jr. and Eric Trump have so far scored more than $6 billion in contracts from the US Department of Defense.

As ABC documented, many of the investments into the defense firms come through 1789 Capital, a venture capital firm founded by pro-Trump donors in 2023 that brought Trump Jr. in as a partner in 2024.

The most recent example came earlier this week, when President Donald Trump announced a multibillion-dollar funding agreement with AI defense firm Anduril Industries, more than a year after 1789 Capital claimed a $2.5 billion stake in the company.

The ABC report also pointed to Florida-based drone parts manufacturer Unusual Machines securing a deal to supply motors for the US Army last year, mere months after the company named Trump Jr. as an adviser.

Drone company Powerus, which lists both Trump sons as investors, won a purchase order from the US Air Force earlier this year for an undisclosed amount.

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Asia Times

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