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From: Julius Wong8/26/2025 2:42:42 PM
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Trump Administration weighs taking equity stakes in defense contractors, Lutnick tells CNBC

Aug. 26, 2025 10:02 AM ET
By: Carl Surran, SA News Editor

Lockheed Martin (NYSE: LMT) +1.5% in early trading Tuesday after U.S. Commerce Secretary Lutnick told CNBC that the Trump administration is " thinking about" whether to acquire equity stakes in major defense contractors and other industries.

"There's a monstrous discussion about defense," Lutnick said when asked if the Trump administration could make similar arrangements to its recent deal to obtain a 10% stake in Intel with other companies that do business with the government, including in defense.

Lutnick singled out Lockheed Martin (NYSE: LMT), calling the company "basically an arm of the U.S. government."

"I'm going to leave that to my Secretary of Defense and Deputy Secretary of Defense," Lutnick said. "But I tell you what, there's a lot of talking that needs to be had about how do we finance our munitions acquisitions."

Among other top U.S. defense contractors: RTX ( RTX) +1.5%, Boeing ( BA) +1.5%, Northrop Grumman ( NOC) +0.8%, General Dynamics ( GD) +0.5%.
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