Bnnbloomberg.Ca Trump Jr.-backed Firms Invest $10M in Draganfly Amid Geopolitical Tensions
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- •Unusual Machines and a U.S. firm invested $10 million in Draganfly.
- •Draganfly specializes in drones for defense and public safety.
- •The investment is expected to close by September 30, 2026.
Unusual Machines, backed by Donald Trump Jr., and an unnamed U.S. asset management firm have invested $10 million in Canadian drone manufacturer Draganfly. Each firm is acquiring a minority stake worth $5 million. Draganfly specializes in unmanned aircraft systems for defense, public safety, and agriculture. The investment comes as Draganfly aims to enhance its strategic capabilities and working capital. Draganfly's shares rose 5.2% in pre-market trading following the announcement. The investment is expected to close around September 30, 2026. Draganfly has previously supplied drones to Ukraine for various missions. The Trump family's investments in defense firms have attracted scrutiny due to potential conflicts of interest.
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