US president’s son Eric Trump invests in drone maker with gov’t contracts

Israeli firm Xtend recently won a US Department of Defense contract and is bidding for another before a merger with JFB Construction.

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United States President Donald Trump’s son Eric is investing in an Israeli drone manufacturer, prompting renewed conflict-of-interest concerns as the Trump family expands its business holdings during its patriarch’s second term as president.

Eric Trump is investing in a $1.5bn merger between Israeli drone maker Xtend and Florida-based JFB Construction Holdings, a small construction company, in a deal aimed at taking Xtend public this year, JFB said in a news release on Tuesday.

US president’s son Eric Trump invests in drone maker with gov’t contracts

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