Eric Trump Backs Drone Company, Adding to Family’s Defense Ties

Eric Trump is backing a drone company, adding to his family’s defense portfolio at a moment when his father’s administration is bolstering the industry.

President Donald Trump’s second-oldest son is investing in a $1.5 billion deal where the drone maker, Xtend, will go public by combining with Florida-based JFB Construction Holdings. Other investors include Unusual Machines Inc., a separate drone company that added Eric’s brother Donald Trump Jr. as an adviser.