Trump family money throws money at drone company courting defense contracts

President Donald Trump's sons, Don Jr. and Eric, are being questioned on what they might know about the future of the U.S.'s war with Iran after they were found to be backing a new drone company effort.

The Wall Street Journal reported Monday that the two Trump sons are seeking a kind of "reverse merger" of their companies, American Ventures and Unusual Machines, with Powerus, which is seeking to acquire a Ukrainian drone company. Don Jr. is a shareholder and advisory board member of Unusual Machines, which creates drone components. Powerhouse intends to merge with another Trump-backed venture, a golf-course holding company.

The result is that Powerus, which was formed just last year, could suddenly become a publicly traded company on the Nasdaq stock exchange.

Powerus could then fill the significant void left by the administration's decision not to purchase Chinese drones. Given that the Pentagon needs more drones, the company could step in to ensure the U.S. government gets what it needs, while also making more money for the Trump family in the process.

"The deal brings deeper involvement by the Trump family into a multibillion-dollar sector that has new opportunities for growth following changes imposed by the Trump administration," reported The Journal. "Those include the Pentagon’s emphasis on large-scale, rapid adoption of small drones, and a national ban on new models of the Chinese drones that have for more than a decade dominated the consumer and commercial markets."

Powerhouse CEO Andrew Fox explained that the company would have greater access to public capital markets, enabling it to scale manufacturing quickly and acquire more companies. So far, the company has acquired three small companies in six months to begin producing 10,000 drones each month.

CNBC's Carl Quintanilla commented about the Trumps, "They must know some people."

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