Eric Trump Invests $1.5 Billion in Drone Industry Merger
Eric Trump, executive vice president of the Trump Organization and son of U.S. President Donald Trump, is investing in a $1.5 billion deal merging Israeli drone manufacturer XTEND with a Florida-based construction company.
Reuters reported on Feb. 17 that U.S. company Unusual Machines Inc. is also investing in the merger. The deal, structured as a stock swap, is expected to finalize by mid-2026.
The investment comes as the Trump family expands its business activities following Donald Trump's return to the White House. Cryptocurrencies linked to the family generated about $800 million in revenue in the first half of 2025.
Drones have gained prominence in the Ukraine war and rank among top-selling items for the U.S. Department of Defense, boosting investments in military technology firms. XTEND's AI-equipped systems have been used by the U.S. Department of Defense, Singapore, certain European countries, Britain and the Israeli Defense Forces as of July 2025, according to the companies involved.
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