""Military equipment is not being made fast enough," Trump wrote. "It must be built now with the dividends, stock buybacks and over-compensation of executives, rather than borrowing from financial institutions or getting the money from your government.""
""exorbitant and unjustifiable""
""the least responsive to the needs of the Department of War""
President Donald Trump launched an extraordinary attack on America's largest defence contractors, threatening to block dividends and share buybacks unless firms accelerate weapons production. Plans propose increasing the US defence budget for 2027 by 50 percent, raising annual military spending to $1.5 trillion. Trump accused executives of prioritising shareholder returns and excessive pay, proposed a $5 million cap on executive compensation, and urged redirection of dividends and buybacks into production capacity. US defence stocks initially fell before paring losses after confirmation of planned spending increases. Raytheon/RTX was singled out, and enforcement mechanisms were not clarified.
Read at Business Matters
Unable to calculate read time
Collection
[
|
...
]