Donald Trump Jr. linked Unusual machines Inc. (NYSE:UMAC) has won its largest Pentagon contract to date.
View the current price of UMAC shares here.
Allen EvansCEO of the drone and components manufacturer, told the Financial Times that Trump Jr. “did not advise or do anything else on this deal”.
“Don has never communicated with anyone in the government on behalf of Unusual Machines or about the contract in question,” a Trump Jr. spokesperson said.
Pentagon awards major drone contract
Unusual Machines, based in Florida, was hired by the US military to produce 3,500 drone motors and other drone components.
Next year, the Army said, it would place another order for 20,000 parts from the company.
Although Evans did not disclose the contract value, he said he believes this is the largest U.S. government order to date.
Trump Jr.’s advisory role and interests
Trump Jr. joined Unusual Machines as a consultant in November 2024. The company disclosed that he owned 331,580 shares, currently worth about $4 million. Evans said earlier this year that Trump Jr. had continued to invest in recent fundraising rounds.
Market performance, stock movement
The tech company, which has a market capitalization of $425.02 million, has seen its shares fluctuate in 2025, falling 23.66% year to date while rising 110.49% over the past six months.
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Shares had skyrocketed more than 375% in the month following news that Trump Jr. joined the advisory board in November 2024.
The Pentagon’s Drone Expansion Strategy
The purchase, which was made public last week, follows an executive order signed by the president Donald Trump in June to support the development of the U.S. drone industry for both military and commercial applications.
Piet Hegseththe Secretary of Defense, has taken action to accelerate the production and use of military drones.
Regarding the purchase, Chief Warrant Officer 4 of the 101st Airborne Division Johannes Brown stated, “The ability to train the way we fight, using drones that are reliable… gives our Soldiers the confidence they need for real-world scenarios.”
According to reports, Secretary of the Army Daniel Driscoll said earlier this month that his agency is leading the Pentagon’s counter-drone effort and will “equip soldiers with these types of expendable drones that deliver devastating effects at a huge discount.”
Defense contracts and production growth
Unusual Machines has inked deals with other U.S. defense suppliers in recent months, including a $12.8 million deal with Strategic Logix in September and a $1.6 million deal with an unnamed domestic defense drone maker in August. The company said the tariffs contributed to a $3.3 million operating loss in the first quarter, according to the Financial Times.
The company also acquired the Australia-based company Rotor laboratory in June for $7 million to improve engine production and U.S. manufacturing capabilities.
Needham analyst Austin Bohlig rated the company a Buy in August, citing its positioning as a key US supplier in the reshoring of drone components in light of defense demand.
Unusual Machines also secured an $800,000 order Red Cat Holdings Inc. (NASDAQ:RCAT) in October for NDAA-compliant components for defense applications.
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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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