US EditionThe u.s. Government Does Not Rule Out Being a Shareholder in Large Arms Companies.
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The U.S. government does not rule out entering as a shareholder of large arms companies such as Lockheed Martin, Trade Secretary Howard Lutnick said.
New York, Aug 26 (EFE).- The U.S. government does not rule out entering into the shareholding of large arms companies like Lockheed Martin, given that most of the latter’s sales depend on federal contracts, said Trade Secretary Howard Lutnick on Tuesday. In an interview with the CNBC channel, Lutnick admitted that “there is a tremendous discussion about defense” regarding a possible entry of the government as a shareholder, similar to what he ha…
Howard Lutnick: DOD Considers Taking Stakes in Contractors
Commerce Secretary Howard Lutnick said top Department of Defense officials are “thinking about” whether the U.S. should take equity stakes in defense contractors like Lockheed Martin, CNBC reported Tuesday. In an interview on CNBC’s Squawk Box, Lutnick said Lockheed is “basically an arm of the U.S. government.” “But what’s the economics of that? I’m going
The US government is considering the option of the Pentagon acquiring shares in US arms companies.
US Commerce Secretary Howard Lutnick defended US President Donald Trump's plans for the government to enter the companies it does business with, adding that he did not rule out entering into arms companies. Reuters reported this. "They are considering it," Lutnick said in an interview with the CNBC news channel, citing Defense Department officials. "There is a really extraordinary discussion on defense. (Arms company) Lockheed Martin generates 9…
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