Boeing CEO: Gov't Equity Stakes Not for Top Defense Contractors

Boeings CEO clarifies that the U.S. governments plan to take equity stakes in key industries, primarily aimed at smaller companies within the supply chain, likely wont extend to major defense contractors like Boeing, Lockheed Martin, RTX, and Northrop Grumman. This contrasts with earlier suggestions by a senior government official. The Trump administration has already implemented this strategy, acquiring equity stakes in companies like Intel and MP Materials, and plans to continue this approach to strengthen national security in critical sectors. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.