"They're thinking about it, Lutnick told the news outlet CNBC when asked if the administration was considering taking pieces of contractors such as Lockheed Martin, Boeing or Palantir Technologies."
"There's a lot of talking that needs to be had about, how do we finance our munitions acquisitions? Lutnick said."
"Lockheed Martin makes 97 percent of their revenue from the US government. They are basically an arm of the US government."
"We are continuing our strong working relationship with President Trump and his Administration to strengthen our national defense."
The Trump administration is considering acquiring equity stakes in domestic defense contractors including Lockheed Martin, Boeing and Palantir Technologies. Pentagon leaders were cited as sources for exploring such investments. Deliberations and financing discussions on munitions acquisitions remain ongoing and no deals have been finalized. The administration recently acquired a 10 percent stake in Intel and is increasing US investments in industries such as steel and technology. Lockheed Martin derives approximately 97 percent of revenue from the US government and described its relationship with the administration as collaborative to strengthen national defense. Lockheed shares rose after the remarks.
Read at www.aljazeera.com
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