Mentioned:
American drone manufacturing might be on the verge of a big boost. And the presidential family is involved.
What’s happening:
- Unusual Machines (NYSE: UMAC) has announced Donald Trump Jr will join as an official advisor to the company
Why it matters:
- Manufacturing drones in the United States of America has become a hot political topic, as much of the drone supply within North America currently comes from foreign countries such as China
Going deeper:
- Unusual Machines just recently launched their Brave F7 FPV Flight Controller technology which is aiming to advance high performance drone flight and has already earned Blue UAS certification from the United States Department of Defense’s Innovation Unit
- Finding ways to support domestic drone manufacturing has also been a emerging trend with startups, with legendary Silicon Valley venture capital fund Sequoia Capital previously leading a financing round for American combat drone startup Neros
The intrigue:
- Donald Trump Jr was already an existing investor in Unusual Machines prior to becoming an advisor
