Trump Urges Defense Contractors to Invest Profits, Says He’ll Ban Buybacks and Cap Executive Pay

In a Truth Social post, Trump called on defense industry leaders to redirect capital currently flowing to shareholders and executives toward building the production capacity needed to equip U.S. forces and allies more rapidly.

“Defense Contractors are currently issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment,” Trump wrote. “This situation will no longer be allowed or tolerated!”

The president praised American defense manufacturing as the best in the world, saying “No other Country is even close!” He added that companies should build “NEW and MODERN Production Plants” for both manufacturing and maintaining military equipment.

Trump criticized defense companies for delivering equipment too slowly and failing to maintain it properly once sold. “MILITARY EQUIPMENT IS NOT BEING MADE FAST ENOUGH!” he wrote, saying companies must build capacity “now with the Dividends, Stock Buybacks, and Over Compensation of Executives, rather than borrowing from Financial Institutions, or getting the money from your Government.”

He also said maintenance and repair of equipment “is far too slow, and must be immediately enhanced,” demanding that maintenance be “spot on, on time.”

Read Full Article Here