- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
The Trump administration is considering taking stakes in defense contractors, including Lockheed Martin Corp (LMT.N), U.S. Commerce Secretary Howard Lutnick said on Tuesday as he defended President Donald Trump’s push for a greater government role in American business.
“They’re thinking about it,” Lutnick told CNBC, citing Pentagon leaders, when asked if the administration was considering taking pieces of contractors such as Lockheed Martin, Boeing (BA.N), or Palantir Technologies (PLTR.O.
“There’s a lot of talking that needs to be had about how do we finance our munitions acquisitions.”
It comes off as an investment in critical infrastructure but then you have to wonder what an investor with the size and reach of the US gov. Is willing to do to protect it’s investment? There are a lot of people that think wedding large companies to the national interest is a good thing. I’ve always been of the opinion that it’ll end up the other way around.