A company backed by President Donald Trump’s son Eric Trump could cash in from a new contract from the Pentagon. The news has Sen. Elizabeth Warren (D-Mass.) questioning the contract and others involving the Trump family, her latest call-out against the president and his family.
Foundation Futures Industries Lands Pentagon Deal
Foundation Future Industries is the latest company that has either Eric Trump, Donald Trump Jr. or both as advisors, that is landing either a government contract or loan. The latest has caught the attention of the well-known senator after Eric Trump appeared on Fox News to discuss the deal.
“Eric Trump went on FOX to brag about winning ANOTHER multimillion-dollar contract from the Trump administration. I’ve been sounding the alarm and pushing for answers. Is the Pentagon just a cash machine for Trump’s kids now? This looks like corruption in plain sight,” Warren tweeted.
Warren shared a tweet from journalist Aaron Rupar.
“Eric Trump — the president’s son — is on Maria Bartiromo’s show bragging about one of his companies landing a $24 million Pentagon contract,” Rupar tweeted.
Benzinga reached out to the White House for comment.
Trump joined Foundation Future Industries CEO Sankaet Pahak for the virtual interview on Fox’s “Mornings with Maria.”
“We are America First. We have to win this race,” Trump said.
The duo highlighted the $24 million Pentagon award to test the company’s humanoid robots.
“The uses are unlimited, and I think it’s a very beautiful thing, but we must win this race,” Trump added.
Trump put an emphasis on beating China when it comes to humanoid robots, drones and other advanced technology. The president’s son said he invested in the company because of their robots and the necessity of needing to get ahead of China.
Trump Kids Raise Ethics Questions
This isn’t the first time that an investment or advisory position for a company from Eric Trump or Donald Trump Jr. has raised concerns. In some cases, this comes from government contracts or loans.
Publicly traded drone maker Unusual Machines (AMEX:UMAC) saw shares soar after Donald Trump Jr. joined its advisory board, receiving stock as compensation, according to Citizens for Ethics. The company later secured an Army order for drone motors following his appointment.
Donald Trump Jr.’s 1789 Capital is an investor in Vulcan Elements, a rare earth company that received a $620 million Pentagon loan. The loan helped boost the value of the company and Trump’s stake, as reported by the Financial Times.
Both oldest Trump sons are also involved with Florida drone company PowerUps, which is hoping to land military contracts, according to a report from the Wall Street Journal.
Other publicly traded companies with ties to one or more of the Trump sons include Dominari Holdings (NASDAQ:DOMH), New America Acquisition I Corp (NYSE:NWAX), PSQ Holdings (NYSE:PSQ), GrabAGun Digital Holdings (NYSE:PEW) and Trump Media & Technology Group (NASDAQ:DJT).
White House Press Secretary Karoline Leavitt previously told Benzinga there are no conflicts of interest when it comes to investments made by Donald Trump Jr. and Eric Trump, when asked about Trump Mobile.
“The media’s continued attempts to fabricate conflicts of interest are irresponsible and reinforce the public’s distrust in what they read. Neither the President nor his family have ever engaged, or will ever engage, in conflicts of interest,” Leavitt previously said.
Image via Shutterstock
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