Trump Jr.-Backed Company Receives $620 Million Pentagon Loan |
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For the second time this year, a little-known company backed by Donald Trump Jr. has scored a major contract with the US Department of Defense.
The Financial Times reported on Wednesday that Vulcan Elements — a tiny startup of 30 employees that specializes in producing rare-earth magnets used in drones, radars, and other pieces of military equipment — has scored a $620 million loan from the Pentagon as part of “a $1.4 billion deal to increase the........