Trump Meets Defense Contractors: New Weapons, Less Buybacks

President Trump to meet with defense contractors, pushing for increased weapons development and reduced stock buybacks, dividends, and executive pay. Trump plans to sign a new executive order to link executive pay to performance and unveils plans for a new Trump-class warship. Defense Secretary Pete Hegseth aims to speed up the slow weapons procurement process. Critics note recent dividend increases, but companies are also investing heavily in advanced facilities. Next weeks meeting anticipated to bring real changes in defense spending.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.