Defense Business and Industry

US May Acquire Stakes in Boeing and Lockheed Martin, Says Commerce Chief

The Trump administration is contemplating acquiring stakes in major defense companies like Lockheed Martin and Boeing, according to U.S. Commerce Secretary Howard Lutnick. This initiative aims to enhance federal involvement in U.S. businesses, particularly in defense contracting, as ongoing discussions focus on funding munitions acquisitions. The proposal has sparked debate about the implications for corporate autonomy and market dynamics, with shares of Lockheed and Boeing experiencing slight increases. Lutnick emphasized that companies seeking federal assistance must be prepared to work closely with the government, suggesting a shift towards deeper government integration in the defense industry, which could bolster national security efforts.

Share

Leave a Reply

Your email address will not be published. Required fields are marked *

Enable Notifications OK No thanks