Trump Administration Reportedly to Meet Defense Companies on Ramping Up Production

MT Newswires Live06-11

The Trump administration plans to meet executives from the biggest US defense companies at the White House as soon as next week to discuss boosting production after US strikes on Iran and other recent military operations reduced supplies, multiple media outlets reported late Wednesday.

The leaders of about seven defense contractors are expected to be pressed by President Donald Trump to find ways to quickly increase output of weaponry for the Pentagon, NBC reported, citing two people familiar with the meeting's details.

A March meeting included the CEOs and other top officials from Lockheed Martin (LMT), Northrop Grumman (NOC), RTX (RTX), Boeing (BA), L3Harris Technologies (LHX), BAE Systems, and Honeywell International's aerospace unit, Reuters reported.

The White House did not immediately respond to a request for comment from MT Newswires.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment