Trump official is considering taking shares in US defense contractors: Lottennik

Trump administration weighs stock shares in US defense contractorsTrade Minister Howard Lootnick said on Tuesday.

Lootnick said in an interview about CNBC’s “Squawk box” White House military leaders, Trump, are considering whether the administration should obtain shares of stock companies after they acquired 10 % of Intel shares for $ 9 billion.

“Oh, there is a brutal discussion about the defense,” Lootnick said. “I mean, Lockheed Martin makes 97 % of its revenues from the United States government.”

“They are basically an arm of the American government. They are making a wonderful ammunition. I mean amazing things that can expel a missile when you come towards you.” “But what are the economies of that? I will leave that to the Minister of Defense and the Deputy Minister of Defense. These men are about this and they are thinking about it.”

Lootnick also said that “a lot of conversation” must be done regarding how the United States funds acquisitions on its ammunition.

Trump is defending an Intel share of $ 11 billion, he says he will make deals like “all day”

A Lockheed Martin “As we did in his first term, we continue our relationship with strong work with President Trump and his management to enhance our national defense,” said Fox Business spokesman.

Lockheed Martin’s shares rose about 1.5 % on Tuesday morning after an interview with Lootnick.

The company is the largest defense contractor in the world through revenues, according to the list it produced DefenseNews In 2024.

Lockheed Martin is the main contractor of the F-35 Lightning stealth Fighter, which is used by the American, naval, naval and naval air force as well as Emily in many American allies.

index	protection	last	Changing	% Change
LMT	Lockheed Martin Corp.	447.72	+1.52	+0.34 %

Trump says that Intel has agreed to give the United States a 10 % stake in the company

Lutnick’s comments about American defense articles come after the Trump administration announced last week that it will take about 10 % of Intel’s stake, which is struggling by investing $ 8.9 billion in the company’s common stocks.

“I paid a zero for Intel, and it is worth about $ 11 billion,” the president Donald Trump He wrote on the social truth platform. “Everything goes to the United States of America. Why are” stupid “are not satisfied with that? I will make deals like this to our country throughout the day. I will also help those companies that cross such profitable deals with the United States. I would like to see their share price rise, make the United States richer, and more jobs for America !!!

Although Trump did not provide details of $ 11 billion, the share is almost equal to the amount that was received in grants under the chips law to finance the chips factories in the United States.

Intel said in an organizational file that the share share will be funded by $ 5.7 billion from the remaining grants granted in advance and $ 3.2 billion granted to the company as part of the safe pocket program, while already received $ 2.2 billion of grants for chips, and the new investment will bring the total commitment of the government by 11.1 billion dollars.

The CEO of Intel to visit the White House after he called on Trump to overthrow him on the alleged China’s relations: Report

Intel CEO Lips-this Tan He will remain as a company leader after President Trump initially recommended that he be expelled because of his prayers in China.

Tan said in the announcement of the deal: “As the only semiconductor company that is researching and developing in the leading logic in the United States, Intel is deeply committed to ensuring that the most advanced technologies in the world are American,” Tan said in the announcement of the deal.

index	protection	last	Changing	% Change
Intc	Intel Corp.	24.55	-0.25	-1.01 %

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Intel has decreased by more than 0.55 % on Tuesday morning, and its shares have decreased by 1.5 % in the past five days.