PNN – Trump’s son plans to invest in an Israeli company in the drone sector.
According to the report of Pakistan News Network, the Wall Street Journal has reported that Eric Trump, the second of three sons of US President Donald Trump, will invest in Israeli drone manufacturer Xtend.
The partnership is reportedly part of a $1.5 billion deal that is expected to merge the company with a Florida-based company.
Defense analysts have noted the increasingly pivotal role of drones in intelligence, surveillance, and precision strike operations, and investment in emerging drone manufacturers is seen as a strategic financial move amid rising global geopolitical tensions.
Israeli developer Xtend is bringing some of its drones to market, according to a report in the Wall Street Journal earlier this week.
The Wall Street Journal added that the company gained credibility during the recent military operation in Gaza, where its products were used in close combat and urban environments.
The Wall Street Journal also noted that the deal is financially backed by Unusual Machines, another drone manufacturer backed and advised by Donald Trump Jr., the eldest son of the US President.