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Draganfly: Donald Trump Jr. invests in Canadian drone maker
What happened
Draganfly, a Saskatchewan-based drone maker, announced a $10-million investment from Unusual Machines, backed by Donald Trump Jr. This investment follows a contract awarded to Draganfly to supply thousands of drones to the Canadian Armed Forces. The company plans to expand to Edmonton and Ottawa.
Why it matters
The investment may be seen as a signal of confidence in Draganfly's technology, as the Canadian government aims to diversify defence procurement to domestic companies. Defence Minister David McGuinty noted that the investment is part of the government's goal to build Indigenous capacity in Canada. The investment may also be viewed in the context of ongoing trade tensions between Canada and the U.S.
Key facts
- Draganfly received a $10-million investment from Unusual Machines.
- The investment was made after Draganfly won a contract to supply drones to the Canadian Armed Forces.
- The company plans to expand to Edmonton and Ottawa.
- Unusual Machines is backed by Donald Trump Jr.
- Defence Minister David McGuinty stated that the investment aligns with the government's goal to build Indigenous capacity in Canada.
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Publisher evidence used
Reporting attributed to bnnbloomberg.ca. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
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