Trump Administration Considers Taking Stakes in Major US Weapons Firms

Trump Administration Considers Taking Stakes in Major US Weapons Firms

Commerce Secretary Howard Lutnick says Lockheed Martin is already essentially an 'arm of the US government' US Commerce Secretary Howard Lutnick said on Tuesday that the Trump administration is considering taking stakes in major US weapons firms, comments that came after the US government announced it was acquiring a 10% stake in Intel, the US chip-making giant. “Oh, there’s a monstrous discussion about defense,” Lutnick said when asked in a CNBC interview if the administration was considering taking pieces of US defense firms, such as Boeing, Palantir, and Lockheed Martin. “Lockheed Martin...

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