Trump administration in talks to fund US drone companies, WSJ reports
The proposed deals could give the federal government ownership stakes and help expand domestic drone production, according to the report.
- On Wednesday, the Wall Street Journal reported that the Trump administration is in talks to provide funding to US drone companies, including Unusual Machines and Sequoia Capital-backed Neros.
- Drone dominance was flagged as a "presidential priority" in President Trump's $1.5 trillion FY2027 defense budget, which targets the deployment of 300,000 affordable attack drones by year-end 2027.
- Proposals involve a mix of debt and equity that could grant the government ownership stakes, with Performance Drone Works—which holds an Army reconnaissance contract—also under consideration for funding.
- Reuters could not immediately verify the Wall Street Journal report, and the White House, the Pentagon, and involved companies did not provide comments on the potential funding discussions.
- Regulatory exclusion of Chinese-made drone parts opens a multibillion-dollar domestic market that Roth Capital analysts believe positions Unusual Machines to capture meaningful share in the emerging sector.
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