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Wednesday, October 07, 2026
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 create a new facility in Baltimore County, Maryland, that will manufacture critical parts for the Virginia-class nuclear-powered fast-attack submarine. 1789 Capital -- a venture capital firm that lists Donald Trump Jr. as one of six partners along with three founders -- claimed a major stake in Anduril in June 2025 from a $2.5 billion investment into the company. |
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More Alternate links: Google News | Twitter An ABC News analysis found defense companies backed by the president's sons, including Anduril, have now raked in more than $6 billion dollars in active or promised government contracts since those investments were made, according to the government's official contract reporting. Comments
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