Trump Says Raytheon Could Lose Business Over Stock Buybacks

The president issued a warning to defense contractors, urging them to spend on production instead of stock buybacks, shareholder dividends, and executive pay.
Trump Says Raytheon Could Lose Business Over Stock Buybacks
A sign is posted at a Raytheon Co. campus in El Segundo, Calif., on June 10, 2019. Mario Tama/Getty Images
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President Donald Trump criticized military contractor Raytheon on Jan. 7 and warned that its future business with the U.S. government may be in jeopardy if the firm doesn’t change its practices.

“I have been informed by the Department of War that Defense Contractor, Raytheon, has been the least responsive to the needs of the Department of War, the slowest in increasing their volume, and the most aggressive spending on their Shareholders rather than the needs and demands of the United States Military,” Trump wrote in a post on Truth Social on Wednesday.
Ryan Morgan
Ryan Morgan
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Ryan Morgan is a reporter for The Epoch Times focusing on military and foreign affairs.
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