Drone component manufacturer Unusual Machines—backed by Donald Trump Jr.—and an unnamed U.S. asset management firm have jointly invested $10 million in Canadian drone developer Draganfly, signaling accelerating private capital flows into defense technology amid global geopolitical tensions.
Key Transaction & Financial Metrics:
- Capital Breakdown: $10 million total funding ($5 million from Unusual Machines and $5 million from the U.S. asset manager), priced at Draganfly’s September 25 close of $5.35 per share.
- Market Impact: Draganfly’s U.S.-listed shares jumped +5.2% in pre-market trading following the announcement.
- Capital Growth Push: Follows Draganfly’s $50 million public share offering in February to scale production of defense, mapping, and public safety drone systems (including units deployed in Ukraine).
- YTD Stock Performance Divergence: Unusual Machines shares have surged ~89% YTD, while Draganfly shares had dropped ~23% prior to the deal announcement.
- Defense Portfolio Expansion: Adds to Donald Trump Jr. and Eric Trump’s expanding defense tech venture footprint, which includes stakes in Israeli drone maker XTEND and Powerus.
A strategic North American defense tech partnership reinforcing cross-border capital deployment in autonomous systems! 📊🛸🇺🇸🇨🇦