Trump Family Investments in U.S. Defense Suppliers

Donald Trump’s 2025 financial disclosure lists securities in 13 defense issuers. Boeing, Lockheed Martin and RTX appear across multiple accounts. Separate records trace defense cloud holdings and his sons’ backing of a military drone supplier.

Aircraft, ships and weapons systems

13 named issuers total $8,251,059–$32,597,000 in 2025 disclosed value bands. Boeing accounted for $2,132,007–$10,380,000 across seven rows, including a senior unsecured note due May 1, 2027. The Defense Department ranked Boeing fourth among fiscal 2023 contractors, with $20.1 billion in contract spending. Its list also includes Lockheed Martin, RTX, General Dynamics, Northrop Grumman, Huntington Ingalls and L3Harris.^1–2

Software and cloud infrastructure

The stock schedule also identifies stakes in Microsoft, Amazon, Alphabet and Oracle. In December 2022 the Pentagon selected Microsoft, Amazon Web Services, Google Support Services and Oracle for its Joint Warfighting Cloud Capability. Individual orders determine the work each vendor receives.^{1, 3–7}

Space launch

Reuters reported a $15,001–$50,000 SpaceX purchase in Trump’s account on June 23, 2026, disclosed in August. Space Force selected SpaceX for national security launches in April 2025. The securities purchase was reported separately from that award.^8–13

Donald Trump Jr. and Eric Trump

Donald Trump Jr. and Eric Trump backed Powerus. The company announced a U.S. Air Force purchase order for Guardian-2 interceptors. The records reviewed do not specify the brothers’ individual investment amounts. Donald Trump Jr. is also a partner at 1789 Capital and was identified as a shareholder in Unusual Machines. Dominari disclosed that both brothers held more than 5% when they entered advisory agreements in February 2025.^14–20

Defense investments through the sons’ firms

The Washington Post traced investments by 1789 Capital, where Donald Trump Jr. is a partner, to Anduril, SpaceX, Hadrian and Vulcan Elements. Hadrian builds aerospace manufacturing facilities. Vulcan makes rare-earth magnets and received a $620 million Pentagon loan. Reuters separately reported that Eric Trump invested in the transaction to take Israeli drone maker XTEND public. The announced $1.5 billion was the merger valuation. The issuers reported $152 million in combined commitments. They gave no personal amount for Eric Trump. In October Anduril put 1789 Capital’s stake at approximately 0.13%. Dominari introduced XTEND and JFB management in December 2025, after American Ventures supplied a preliminary term sheet. Founders Fund invested $1 billion in the Anduril round that included 1789.^21–26

Space-Eyes and the Elbit supply chain

The Wall Street Journal reported a 6% Space-Eyes stake for Eric Trump. A separate branch runs from Jared Kushner’s Affinity Partners through Phoenix Financial to Elbit Systems. Elbit’s U.S. night-vision subsidiary received an approximately $212 million Army delivery order.^27–29

Draken pilot training and Pentagon AI procurement

Isaacman co-founded Draken International, a military pilot training supplier, and sold it in 2019. Separately, the Pentagon named OpenAI Public Sector LLC as recipient of a prototype AI award in June 2025.^30–31

AI generated report by Explorvia.com.