Donald Trump Jr. linked Uncommon Machines Inc. (NYSE:UMAC) secured its largest Pentagon contract so far.
Take a look at the present worth of UMAC inventory right here.
Allen Evans, CEO of the drone and parts producer, instructed the Monetary Instances that Trump Jr. “didn’t advise or do the rest on this deal”.
“Don has by no means communicated with anybody within the administration on behalf of Uncommon Machines or in regards to the contract in query,” a spokesperson for Trump Jr. stated.
Pentagon Awards Main Drone Contract
Uncommon Machines, situated in Florida, was employed by the U.S. Military to provide 3,500 drone motors and different drone parts.
Subsequent yr, the military stated, it could place one other order for 20,000 elements from the corporate.
Though Evans didn’t disclose the contract worth, he stated he believes it’s the firm’s largest U.S. authorities order so far.
Trump Jr.’s Advisory Function And Holdings
Trump Jr. joined Uncommon Machines as an adviser in November 2024. The corporate disclosed he owned 331,580 shares, presently price roughly $4 million. Evans stated earlier this yr that Trump Jr. had continued to spend money on current fundraising rounds.
Market Efficiency, Inventory Motion
The expertise firm, with a market capitalization of $425.02 million, has seen its shares fluctuate in 2025, falling 23.66% year-to-date whereas gaining 110.49% over the previous six months.
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Shares had skyrocketed greater than 375% within the month following information that Trump Jr. was becoming a member of its advisory board in November 2024.
Pentagon’s Drone Enlargement Technique
The acquisition, which was made public final week, follows an govt order signed by President Donald Trump in June to help the event of the U.S. drone trade for each navy and business functions.
Pete Hegseth, the protection secretary, has taken motion to hurry up the manufacture and use of navy drones.
Concerning the acquisition, a hundred and first Airborne Division Chief Warrant Officer 4 John Brown said: “The power to coach like we struggle, utilizing drones which are dependable… offers our troopers the boldness they want for real-world situations.”
In response to stories, Military Secretary Daniel Driscoll stated earlier this month that his service is main the Pentagon’s counter-drone efforts and “will equip troopers with these sorts of expendable drones that ship devastating results at an enormous low cost.”
Protection Contracts And Manufacturing Development
Uncommon Machines struck offers with different U.S. protection suppliers in current months, together with a $12.8 million settlement with Strategic Logix in September and a $1.6 million cope with an unnamed home protection drone maker in August. The corporate stated tariffs contributed to a $3.3 million working loss within the first quarter, in accordance with the Monetary Instances.
The corporate additionally acquired Australia-based Rotor Lab in June for $7 million to reinforce motor manufacturing and U.S. manufacturing capabilities.
Needham analyst Austin Bohlig in August rated the corporate a Purchase, citing its positioning as a key U.S. provider within the reshoring drive for drone parts amid protection demand.
Uncommon Machines additionally secured an $800,000 order from Pink Cat Holdings Inc. (NASDAQ:RCAT) in October for NDAA-compliant parts for protection functions.
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Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
