Trump Pentagon considering equity stakes in defense contractors

Commerce Secretary Howard Lutnick revealed that the Trump administration is considering acquiring equity stakes in major defense contractors like Lockheed Martin. This discussion follows a recent $9 billion deal where the U.S. government purchased 10% of Intel stock.

Lutnick emphasized, "Oh there's a monstrous discussion about defense," regarding the potential for similar investments in other firms. He noted that Lockheed, as a primary contractor for the government, operates almost as an arm of it. He deferred detailed economic assessments to the Secretary of Defense, stating, "These guys are on it and they're thinking about it."