What Happened
President Pressures Major Defense Contractor To Increase Production
President Donald Trump has threatened to cut federal defense contracts with Raytheon, a major unit of RTX, unless the company increases production and reinvests in manufacturing capacity. In a post on Truth Social, Trump accused Raytheon of prioritizing shareholder returns over defense production and warned that the company would be barred from conducting additional stock buybacks if it wants to continue receiving US government contracts. The comments come amid growing concern within the US government about the health of the domestic defense industrial base, with Pentagon officials and lawmakers warning that US weapons production has failed to keep pace with rising global demand. This development was reported by AeroTime.