Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.
“I mean, #LockheedMartin makes 97% of their revenue from the #US #government. They are basically an arm of the US government,” Lutnick said, adding that #Defense Secretary #PeteHegseth & Deputy Defense Secretary Steve Feinberg, among others, were considering the #economics of such an arrangement.
@Greengordon@spore.social
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7 days ago
@Nonilex
It's hilarious watching the US go actual state socialist or communist. Where are all those pansies with their guns now? Shouldn't they be defending against this government overreach?
"Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants."
#uspol
yes, it's me, liza 🇵🇷 🦛 🦦
boosted
#Trump officials discussing ownership stakes in #private #defense firms, Lutnik says
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.
#law#FederalGovernment#Business
https://www.washingtonpost.com/politics/2025/08/26/trump-lutnick-ownership-defense-companies/
In an interview on CNBC’s “Squawk Box,” host Andrew Ross Sorkin asked Lutnick about the US #government potentially becoming the largest shareholder of #Intel, a #private tech company, & pressed him on where the #Trump admin would draw the line.
“Why shouldn’t the US government say, you know what? We use #Palantir services, we would like a piece of Palantir. We use #Boeing services, we would like a piece of Boeing,” Sorkin asked, citing the private data mining & aerospace companies.
Lutnick said there was, in fact, a “monstrous discussion” going on among #Trump admin officials about taking partial ownership of #defense giants.
“I mean, #LockheedMartin makes 97% of their revenue from the #US #government. They are basically an arm of the US government,” Lutnick said, adding that #Defense Secretary #PeteHegseth & Deputy Defense Secretary Steve Feinberg, among others, were considering the #economics of such an arrangement.
#Trump officials discussing ownership stakes in #private #defense firms, Lutnik says
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.
The #commerce secretary said there is a “monstrous discussion” among administration officials about making deals similar to what Trump announced with #Intel this week.
#law#FederalGovernment#Business
https://www.washingtonpost.com/politics/2025/08/26/trump-lutnick-ownership-defense-companies/