Pentagon in talks to take equity stakes in U.S. drone companies |
Pentagon in talks to take equity stakes in U.S. drone companies
Unusual Machines, whose advisory board includes Donald Trump Jr., is among the companies in discussions with the Defense Department
MEHMET ESER/Middle East Images/AFP via Getty Images
The Pentagon is in talks to take ownership stakes in a group of U.S. drone companies, including one whose advisory board includes Donald Trump Jr., according to The Wall Street Journal.
Structuring options under discussion include debt and equity arrangements that would result in direct U.S. government ownership in participating companies. Among the government bodies involved is the Office of Strategic Capital, an office established under the Biden administration whose mandate covers financing........