Could we be witnessing a shift away from the Bush/Cheney neocon era of defense privatization, including operations like Haliburton, Black Water, LANS, TRIAD, LLNS, Sandia Corporation (Lockheed) and Solutions of Sandia (Honeywell)? Do defense contractors have the best interests of shareholders or the US people in mind?
Lutnick says administration considering taking stakes in defense companies
Commerce Secretary Howard Lutnick said Tuesday the president should consider stakes in companies where the U.S. adds “fundamental value.”
https://www.politico.com/news/2025/08/26/trump-government-companies-defense-00524433
The Trump administration is “thinking” about taking an equity stake in defense and munitions companies, according to Commerce Secretary Howard Lutnick.
“There’s a monstrous discussion about defense,” he said Tuesday in an interview with CNBC’s “Squawk Box” when asked if there’s a “line” on government ownership of private companies. “I mean, Lockheed Martin makes 97 percent of their revenue from the U.S. government. They are basically an arm of the U.S. government.”
3 comments:
I cannot believe why Scooby is allowing such propaganda on this blog. Howard Lutnik, like the rest of the MAGA cabinet, are incompetent. They always have concepts but have done NOTHING to help those they are supposed to help! They are disfiguring America. Once the MAGA cult fizzles out, the next administration will take years to fix the damage. Isn't that the ways it has been the last 4 decades?
OK, you don't like Howard Lutnik. We can see that. But this was widely reported in virtually every media outlet. The question isn't whether this is a good idea or not. The question is will the Trump administration shift the trend toward defense privatization that we have seen over the past 20 years. That's a different question from whether Trump or Lutnik has good ideas or good policy.
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