Trump sons' investments have won billions in Pentagon contracts since his election: ABC News
ABC News found Anduril alone has received about $1.8 billion in federal contracts since 1789 Capital took a major stake in 2025.
- On Tuesday, President Donald Trump announced a $6.6 billion funding agreement for Arsenal-2, a new shipyard at Sparrows Point, Maryland, with the Navy contributing $2.9 billion to manufacture Virginia-class submarine components.
- An ABC News analysis found companies backed by Donald Trump Jr. and Eric Trump secured more than $6 billion in active or promised government contracts since their venture capital investments began, though the brothers deny any wrongdoing.
- Many investments flow through 1789 Capital, a venture firm where Trump Jr. is a partner; Hadrian received a $391 million investment from the firm before securing a $900 million Navy deal to build automated submarine factories.
- Congressional Oversight Democrats have urged the Pentagon's inspector general to investigate the contracting process, with lawmakers warning that refusing to scrutinize allegations could undermine the Department of Defense's independent watchdog role.
- Pentagon officials maintain that defense procurement is merit-based and outside affiliations play no role in funding decisions, while Anduril says it seeks necessary approvals to begin operations at the shipyard by 2030.
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52 Articles
Trump sons-backed firms bank $6 billion plus in Pentagon deals
An analysis published on Wednesday by ABC News estimated that companies backed financially by Donald Trump Jr. and Eric Trump have so far scored more than $6 billion in contracts from the US Department of Defense. As ABC documented, many of the investments into the defense firms come through 1789 Capital, a venture capital firm […] The post Trump sons-backed firms bank $6 billion plus in Pentagon deals appeared first on Asia Times.
Syracuse NY
$6.6 billion Navy submarine project expected to create 3,100 jobs
Defense company Anduril Industries is establishing a new shipyard to manufacture components for military submarines.
Hunter Biden laptop update
Some updates about the anti-family-corruption candidate: President Donald Trump announced a $6.6 billion investment with AI defense company Anduril Industries on Tuesday — the most recent government funding agreement into a company with investment ties to the president’s sons. The Trump administration announced the Navy will support $2.9 billion of the total cost to help […] The post Hunter Biden laptop update appeared first on Lawyers, Guns & …
Trump announces $6.6 billion submarine shipyard in Maryland
US President Donald Trump announced on Tuesday that the United States will invest $6.6 billion to build a new shipyard in Sparrows Point, Maryland, to produce submarines, submarine components and unmanned underwater vehicles.Speaking in Maryland, Trump
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