In Funniest Twist, Trump Now Wants to Nationalize Lockheed Martin
While the Trump administration is considering new forays in the private sector following its Intel agreement, the Secretary of Commerce, Howard Lutnick, said the defense industry could be in the administration.
When the administration acquired 10% stake in the Intel technology company last week – a move that started The president trying to make his CEO turn, alleging problematic links in China – Donald Trump sworn To make more “offers like that”. This week, a better economic adviser from Trump said Companies beyond the technological sector can expect such interventions in the future.
On CNBC TuesdayHoward Lunick defended this decision, saying that it is “fair” for the US government to participate in a company if it “adds a fundamental value”.
Annter Andrew Ross Sorkin wounded With follow-up: “What about defense companies, the secretary?” He asked. “Why should the United States government not say,” You know what, we use the Palantir services. We would like a piece of palantant. We use Boeing services. We would like a piece of Boeing. “”
“There are many companies that do business with the US government who benefit from doing business with the US government,” added Sorkin. “Again, I guess the question is: where is the line?”
Lutnick replied that there was a “monstrous discussion” to potentially take into account participations in defense companies. “Lockheed Martin makes 97% of their American government’s income. They are essentially an arm of the US government,” he added.
Defense secretary Pete Hegseth and Deputy Secretary of Defense Steve Feinberg, he continued, “think” of military participations.
Howard Lunick on CNBC indicates that the Trump administration will try to partially nationalize defense companies like Lockheed Martin pic.twitter.com/dyabzptcwu
– Aaron Rapar (@atrupar) August 26, 2025
