Commerce Secretary Says Pentagon Weighing Equity Stakes in Defense Contractors

Secretary of Commerce Howard Lutnick testifies before a House Appropriations Committee hearing on U.S. President Donald Trump’s budget request for the Department of Commerce, on Capitol Hill, on June 5, 2025. Leah Millis /Reuters The Department of Defense (DOD) is weighing taking equity stakes in defense contractors such as Lockheed Martin and others, Commerce Secretary