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-0.000469973890339443 -0.000469973890339443 0.0025065274151437 0.00104438642297659 0.000731070496083628 0.000992167101827664 0.000992167101827664 0.000992167101827664
Stock impact report

Trump threatens Raytheon's business with the US government [Yahoo! Finance]

Raytheon Technologies Corporation (RTX) 
Company Research Source: Yahoo! Finance
Trump's criticism of Raytheon comes amid a larger push against major defense contractors. President Donald Trump singled out Raytheon on Wednesday in his sweeping criticism of the defense industry, threatening to cut the company's government contracts if it didn't invest more in plants and equipment. Trump called out Raytheon by name after earlier saying he wouldn't allow defense firms to do buybacks or pay dividends until they speed up production . The president said Raytheon has been "the least responsive" to the government's needs, slow in increasing volume, and has prioritized returning capital to shareholders over the military's priorities. "Either Raytheon steps up, and starts investing in more upfront Investment like Plants and Equipment, or they will no longer be doing business with" the government, Trump said in a Truth Social post. A spokesperson for RTX Corporation, formerly known as Raytheon, did not immediately respond to a request for comment from Business Insid Show less Read more
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