Yet Another Trump Jr.-Backed Company Receives Massive Pentagon Deal

For the second time this year, a little-known company backed by Donald Trump Jr. has scored a major contract with the US Department of Defense.

The Financial Times reported on Wednesday that Vulcan Elements—a tiny startup of 30 employees that specializes in producing rare-earth magnets used in drones, radars, and other pieces of military equipment—has scored a $620 million loan from the Pentagon as part of “a $1.4 billion deal to increase the supply of magnets for industries alongside partner ReElement Technologies.”