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Lutnick says Pentagon ‘thinking’ about equity stakes in defense contractors

Howard Lutnick, the United States Secretary of Commerce, said while being interviewed on CNBC that the Department of Defense is “thinking” about taking equity stakes in defense contractors. Recently, the U.S. took a 10% stake in Intel (INTC). Publicly traded defense contractors include BAE Systems (BAESY), Boeing (BA), GE Aerospace (GE), General Dynamics (GD), HII (HII), L3Harris Technologies (LHX), Lockheed Martin (LMT), Northrop Grumman (NOC) and RTX (RTX).

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