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Trump signs order to block defense companies from buying back stock until arms production improves

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1 day ago

President Donald Trump signed an executive order on Wednesday to block defense companies from paying dividends or buying back stock until they improve production and delivery performance."Effective immediately, they are not permitted in any way, shape, or form to pay dividends or buy back stock, until such time as they are able to produce a superior product, on time and on budget," the order reads.Trump and the Pentagon have criticized the defense industry for what they describe as high costs and slow production. The administration has vowed to make changes to boost production of military equi...

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