Eric Trump Invests in Drone Maker with Government Contracts

Eric Trump, son of United States President Donald Trump, is investing in a $1.5bn merger between Israeli drone maker Xtend and Florida-based JFB Construction Holdings. The deal aims to take Xtend public this year, with JFB Construction also appointing a former White House attorney to its board of directors. Xtend’s drones have been used by Israel’s military, with contracts secured with the US Department of Defense. The investment has raised conflict-of-interest concerns, as it comes amid the Trump family’s expanding business holdings during the president’s second term. This move has drawn comparisons to criticism faced by former President Joe Biden’s son, Hunter Biden, for using his connections to advance his personal business interests.

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