President Donald Trump took aim at defense contractors Wednesday, announcing new restrictions on executive pay and stock buybacks as part of the administration’s push to speed procurement and revitalize the defense industrial base. Trump said companies "are not permitted in any way, shape or form to pay dividends or buy back stock, until they are able to produce a superior product, on time and on budget." He also said he would ask Congress for a $1.5 trillion defense budget in fiscal 2027.
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The Federal Drive with Terry Gerton