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Trump admin weighing equity stakes in US defense firms, Lutnick says

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3 hours ago

The Trump administration is weighing acquiring equity stakes in U.S. defense contractors, Commerce Secretary Howard Lutnick said on Tuesday.Lutnick said in an interview on CNBC's "Squawk Box" that military leaders in the Trump White House are considering whether the administration should acquire equity stakes in defense companies after it acquired 10% of Intel's stock for $9 billion."Oh, there's a monstrous discussion about defense," Lutnick said. "I mean Lockheed Martin makes 97% of their revenue from the U.S. government.""They are basically an arm of the U.S. government. They make exquisite...

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