Trump sparks a surge in defense stocks
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Defense contractors are seeking legal advice after U.S. President Donald Trump signed an executive order to tie share buybacks, dividends and executive pay to weapons delivery schedules, three sources said.
1don MSN
Trump threatens defense contractors with restrictions while promising sharp increase in spending
President Donald Trump issued a stark threat to defense contracting companies on Wednesday, saying he would seek to limit stock buybacks and executive salaries unless they improve their delivery of weapons systems to the US military hours before saying he’d decided to substantially increase the defense budget.
By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1. Purpose.
24/7 Wall St. on MSN
Defense Stocks Tank Then Soar: Here’s Why They’re Gunning Higher Today
President Donald Trump rattled the defense sector yesterday by signing an executive order prohibiting contractors from issuing dividends or repurchasing shares until they prioritize investments in new facilities and machinery to boost production speed and quality.
When dealing with public money “the public should be able to impose whatever restrictions they want on you,” Luckey said.