WASHINGTON — President Donald Trump issued an executive order today that appears to prohibit defense companies from making share repurchases and paying dividends to shareholders, as well as place restrictions on executive compensation, unless companies make investments to modernize weapons production facilities.
“All United State Defense Contractors, and the Defense Industry as a whole, BEWARE: While we make the best Military Equipment in the World (No other Country is even close!), 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. This situation will no longer be allowed or tolerated!” Trump said today in a post on his Truth Social media…
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Source breakingdefense.com
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