Donald Trump Jr. and Eric Trump are making millions by selling drones to the U.S. government for President Donald Trump’s war with Iran, reports economics analyst Nathan Jun (video above) and Bloomberg News:
The US Air Force agreed to buy an undisclosed number of interceptor drones from a company backed by President Donald Trump’s sons, according to the firm, deepening the military’s ties to defense contractors linked to the first family as the US war with Iran enters its third month.
The West Palm Beach-based company, Powerus, will sell the drones to the Pentagon following a demonstration at a facility in Arizona, according to Brett Velicovich, the company’s co-founder and president.
Additionally, the Wall Street Journal notes that Eric is investing in an Israeli drone company that has developed weapons used against Palestinians in Israel’s genocidal bombardment of Gaza; Donald Jr. is involved in the deal as well, because a drone company he invests in is investing in Xtend:
The president’s son is investing in the Israeli drone maker Xtend as part of a $1.5 billion deal to take the company public through a merger with a small Florida construction company.
Battle-tested during Israeli operations in Gaza in recent years, Xtend markets some of its drones as “low cost per kill” munitions that align with U.S. defense directives to help wage modern warfare.
The company, which opened a facility in Florida, said it has already secured a multimillion-dollar Pentagon contract and is part of a continuing Defense Department competition for new suppliers.
According to the New York Times, the Donald Jr. and Eric are also getting rich from other investments that will also benefit their father:
A luxury hotel in Dubai. A second high-end residential tower in Jeddah, Saudi Arabia. Two cryptocurrency ventures based in the United States. A new golf course and villa complex in Qatar. And a new private club in Washington. In many cases these new deals promoted over the last week will personally benefit not only Eric Trump and Donald Trump Jr., but also President Trump himself…
“There’s nothing like it,” said Douglas Brinkley, a Rice University historian who has written books on Presidents Ronald Reagan and Gerald R. Ford, addressing the financial conflicts of interest that have emerged in Mr. Trump’s second term…
The White House has said there are no ethics issues because Mr. Trump’s sons run the businesses. “The president’s assets are in a trust managed by his children,” Anna Kelly, a White House spokeswoman, said. “There are no conflicts of interest.”
But Mr. Trump’s financial disclosure report, which he is legally required to file, shows that he still personally benefits financially from most of these ventures.
(Sources: Bloomberg News, Wall Street Journal, New York Times, I’ve Had It, NPR, Image: CNBC)