Trump says defense giants will quadruple production of ‘Exquisite Class' weapons after White House meeting [FOX News]
Lockheed Martin Corporation (LMT)
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Source: FOX News
President Donald Trump said Friday that during a meeting with defense executives they had agreed to increase production of what he called "exquisite class" weapons by four times as his administration looks to accelerate weapons production while military operations against Iran continue. "Expansion began three months prior to the meeting, and Plants and Production of many of these Weapons are already under way," Trump wrote on Truth Social after the meeting. "We have a virtually unlimited supply of Medium and Upper Medium Grade Munitions, which we are using, as an example, in Iran, and recently used in Venezuela. Regardless, however, we have also increased Orders at these levels." Trump said the meeting concluded with executives agreeing to come back to the White House in two months. The White House emphasized the session was scheduled weeks ago and was not convened in response to immediate battlefield shortages. Officials described the meeting as part of a broader effort to s
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