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Eric Trump Joins Deal to Take Israeli Drone Firm Public

WSJ.com: Markets •
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Eric Trump has joined an investment deal to take Israeli drone company Xtend public, according to the Wall Street Journal. The president's son is participating in the transaction that will bring the military technology firm to public markets. Xtend specializes in drone systems marketed for their low cost per kill efficiency.

Xtend, based in Israel, develops unmanned aerial vehicles for defense and security applications. The company's technology focuses on cost-effective solutions for military operations. While specific financial details of the deal weren't disclosed, the involvement of a high-profile investor like Trump suggests significant capital is being committed to the public offering.

This investment represents a notable intersection of political connections and defense technology markets. Trump's participation in the deal could attract additional investor attention to Xtend's public offering. The timing coincides with growing global demand for unmanned systems in military operations.