Trump says he won't permit dividends, buybacks for defense companies till they fix equipment production

Reuters

01/08

WASHINGTON, Jan 7 (Reuters) - U.S. President Donald Trump said on Wednesday he would not permit dividends or stock buybacks for defense companies until they fix problems with the production of military equipment.

"Defense Companies are not producing our Great Military Equipment rapidly enough and, once produced, not maintaining it properly or quickly," Trump said in a post on Truth Social.

(Reporting by Katharine Jackson and Bhargav Acharya in Toronto; Editing by Caitlin Webber)

((Bhargav.Acharya@thomsonreuters.com;))

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