Trump Family Enters Drone Business

Why It Matters

The venture could give the Trump family direct access to lucrative defense contracts while raising conflict‑of‑interest questions, potentially shaping U.S. drone procurement policy amid heightened geopolitical tensions.

Key Takeaways

• Trump sons launch drone firm targeting Pentagon contracts.
• New company merges with golf‑course holding backed by Eric, Donald Jr.
• Firm aims to replace Chinese drones after 2023 US ban.
• Investment ties include stake in Anduril defense technology company.
• Potential conflict‑of‑interest concerns rise amid ongoing Iran war.

Summary

The Trump family has entered the defense sector with a new drone venture that merges a golf‑course holding company backed by Eric Trump and Donald Jr. with drone maker Power US, creating a publicly traded entity aimed at selling unmanned aircraft to the Pentagon.

The startup seeks to fill the gap left by the Biden administration’s December 2023 ban on new foreign‑made drones, a move intended to curb Chinese market dominance. By leveraging a stake in Anduril Industries—an AI‑driven defense contractor—the firm positions itself to compete for lucrative military contracts.

White House officials emphasized that President Trump’s assets sit in a family‑managed trust, not a blind trust, and the president has denied any direct involvement. Nonetheless, critics argue the timing—amid the ongoing Iran‑Israel conflict—heightens concerns over potential conflicts of interest.

If successful, the venture could channel billions of defense dollars to a family‑linked enterprise, reshaping procurement dynamics and intensifying scrutiny of ethical standards for elected officials and their relatives.

Original Description

ABC News' Jay O'Brien explores the president's sons backing a new drone company looking to do business with the Pentagon.

READ more from ABC News: https://tinyurl.com/4su8mnvy

SUBSCRIBE to GMA: https://youtube.com/@GMA?si=ka34lqdEy8NRwJtT

SIGN UP to get the daily GMA Wake-Up Newsletter:

https://tinyurl.com/yc34mz6t

To read the full story and others, visit http://www.goodmorningamerica.com

FOLLOW:

TikTok: https://tiktok.com/@gma

Instagram: https://instagram.com/GoodMorningAmerica

Facebook: https://facebook.com/GoodMorningAmerica

Threads: https://www.threads.net/@goodmorningamerica

X: https://twitter.com/gma

Watch full episodes of GMA: https://abcnews.link/8SAXtIX

Watch full episodes of GMA3: https://abcnews.link/8aZfnmd

Watch full episodes of GMA First Look: https://abcnews.link/LxV2S7H