President Warns Companies To Invest In Modernization Or Face Restrictions
President Donald Trump has issued a warning to defense contractors, stating that he plans to prohibit share repurchases and dividend payments unless companies invest in modernizing their production facilities. Trump criticized Raytheon, a subsidiary of RTX, for prioritizing shareholder interests over military needs. The president’s statements have raised questions about the implementation and enforcement of these restrictions, with analysts expecting further clarification from the Department of War. The announcement was first reported by Breaking Defense.