US Drone Company Appoints Trump Jr as Advisor, Stock Price Surges

A Florida-based drones company made headlines when they announced that they had appointed Donald Trump Jr as an adviser, leading to a significant increase in their stock price. Allan Evans, the CEO of Unusual Machines, expressed excitement about having Trump Jr join their board of advisors, citing his unique expertise that will be valuable as they work to bring drone component manufacturing back to the USA. By mid-morning on the New York stock exchange, the company’s shares had more than doubled from the day’s opening price, reaching $11.67.

Unusual Machines also revealed that Trump Jr, the eldest son of the president-elect, is one of their investors and is listed as the second-biggest shareholder in a filing with the US Securities and Exchange Commission. Described as a “globally recognized business leader” and “best-selling author” in a press release, Trump Jr is said to bring a wealth of experience to the company. Growing up in the Trump Organization and focusing on real estate and branding, Trump Jr has recently taken on a more political role, especially after his sister Ivanka Trump and her husband, Jared Kushner, distanced themselves from their father following his defeat in the 2020 presidential election and the events of January 6th.

In a statement on Wednesday, Trump Jr emphasized the need to support American drone manufacturing and reduce reliance on Chinese products. He praised Unusual Machines’ efforts to bring drone manufacturing jobs back to the USA, aligning with his father’s stance on imposing tariffs on Chinese imports. However, Unusual Machines admitted in its SEC filing that they have been heavily dependent on Chinese imports for their products and operations, working with Chinese vendors for the manufacturing of brands like Rotor Riot and Fat Shark.

While Unusual Machines did not offer further comments on the matter, the appointment of Trump Jr and the company’s focus on domestic manufacturing have certainly stirred up interest and discussion in the industry.