Unusual Machines Boost Earnings After Trump Jr. Joins as Advisor, Trading Halted Due to Volatility

On Friday, Unusual Machines (NYSE:UMAC) shares were halted due to volatility after a significant 86% increase. This dramatic rise in stock price is part of a broader trend, with the company's shares gaining approximately 180% since Tuesday's close. This surge followed the announcement of a high-profile addition to the company's advisory board.

Unusual Machines, a U.S.-based manufacturer of drones and drone components, announced on Wednesday that Donald Trump Jr., the eldest son of presidential candidate Donald Trump, has joined its advisory board. Allan Evans, the CEO of Unusual Machines, expressed excitement about the expertise that Trump Jr. brings to the table, especially as the company focuses on bringing drone component manufacturing back to the U.S.

Trump Jr. commented on the importance of the drone industry and the need for the U.S. to reduce its dependence on foreign-made drones and components. His involvement is expected to play a significant role in advancing Unusual Machines' efforts to bring production stateside and strengthen domestic supply chains, thereby aiming to enhance the U.S.'s technological leadership in the emerging drone sector.

CEO Allan Evans touched on the potential benefits of Trump Jr.'s connections, particularly regarding government approvals. Evans stated that he would not ask Trump Jr. to leverage or facilitate his connections on such matters, emphasizing the advisory role that Trump Jr. is expected to play within the company.