Donald Trump Jr. Joins Unusual Machines Advisory Board: Stock Soars
Strategic Move Aligns with Efforts to Boost U.S. Drone Manufacturing
Unusual Machines, Inc. (NYSE American:UMAC), a U.S.-based manufacturer of drones and drone components, announced that Donald Trump Jr. has joined the company’s advisory board. In a press release, the company described Trump Jr. as a business leader, best-selling author, and an investor in the company.
“Don Jr. joining our board of advisors provides us unique expertise we need as we bring drone component manufacturing back to America,” said Allan Evans, CEO of Unusual Machines. “He brings a wealth of experience, and I look forward to his advice and role within the company as we continue to build our business.”
Supporting Domestic Manufacturing
Trump Jr.’s involvement reflects his advocacy for reshoring U.S. drone production and reducing reliance on foreign-made components, especially from China. He stated, “The need for drones is obvious. It is also obvious that we must stop buying Chinese drones and Chinese drone parts. I love what Unusual Machines is doing to bring drone manufacturing jobs back to the USA and am excited to take on a bigger role in the movement.”
Unusual Machines recently launched the Brave F7 FPV Flight Controller, manufactured in the US. The company aims to bolster supply chain resilience while supporting U.S. technological advancement in the drone industry.
Impact on Growth and Strategy
Trump Jr.’s appointment comes at a pivotal time for Unusual Machines. The company is positioning itself as a key supplier in the growing U.S. drone market. The global drone accessories market, currently valued at $17.5 billion, is projected to exceed $115 billion by 2032, according to Fact.MR.
In addition to its advisory role, Trump Jr. is also the company’s second-largest shareholder, holding over 330,000 shares. His strategic alignment with Unusual Machines underscores shared priorities of fostering U.S. jobs and innovation in a competitive market.
Expanding Product Lines
Unusual Machines has a diversified portfolio that includes:
- Fat Shark: A brand specializing in ultra-low latency FPV video goggles for drone pilots.
- Rotor Riot: A direct-to-consumer e-commerce store offering small acrobatic FPV drones and drone equipment.
- Brave F7 Flight Controller: The company’s latest innovation, supporting high-performance FPV drone applications.
Unusual Machines is also leveraging advanced manufacturing technologies like HP’s Multi Jet Fusion (MJF) 3D printing for producing components such as those for its SkyLite drone.
Stock Price Surges Following Announcement
The announcement of Donald Trump Jr. joining Unusual Machines’ advisory board on November 27, 2024, had a significant impact on the company’s stock price. The stock soared by more than 100% in early trading and settled midday with a gain of over 70% from the previous close. By the end of the trading day, Unusual Machines (NYSE American: UMAC) closed at $9.77, representing an 82.28% increase. The announcement also triggered a spike in trading activity, with over 56 million shares traded—well above the average daily volume of about 121,000 shares. The stock reached a new 52-week high of $11.54 during the day, a sharp contrast to its 52-week low of $0.98.
For more information, visit Unusual Machines.
