Trump expected to meet with defense contractors Wednesday amid Iran peace talks

1 day ago 18

President Trump is expected to conscionable with apical executives from the largest U.S. defence contractors connected Wednesday, according to aggregate sources acquainted with the meeting. The gathering comes arsenic his medication is engaged successful ongoing bid talks with Iran.

Wednesday's gathering follows up connected a March 6 White House meeting with the leaders of Lockheed Martin, Raytheon genitor RTX, BAE Systems, Boeing, Honeywell Aerospace, L3Harris and Northrop Grumman.

The Trump medication has been ratcheting up unit connected defence contractors to prioritize accumulation and American manufacturing capabilities implicit shareholder payouts.

Most of the defence manufacture received the connection large and wide from the president to present connected existing contracts and summation and velocity accumulation to enactment the Department of War, said a root acquainted with the meetings.

Mr. Trump issued an executive order successful January that sought to curtail defence contractor dividend payments and banal buybacks. Congress is considering codifying a akin proviso into law.

Northrop Grumman and RTX accrued their shareholder dividends by astir 7% successful May. Though RTX and Lockheed Martin person halted banal buybacks, Northrop Grumman offered investors a comparatively tiny buyback earlier this year. Boeing hasn't participated successful stock buybacks oregon issued a dividend since 2020.

The root acquainted with the meetings said the president volition privation answers from Northrop connected Wednesday.

Earlier this month, President Trump invoked the Defense Production Act to ramp up weapons production owed to "systemic constraints successful the munitions concern base, including constricted accumulation capacity, fragile proviso chains, long-lead dependencies, and related accumulation bottlenecks."

Such shortfalls, the president wrote successful a June 11 memo to Defense Secretary Pete Hegseth, "may impair the quality of the United States to produce, sustain, and grow the availability of munitions, missiles, and instrumentality required for the nationalist defense."

In: