Tuesday, February 10, 2026 at 2:42 AM
The Pentagon has warned defense contractors about upcoming performance reviews due to an executive order from President Trump, which targets underperforming companies, particularly those engaging in stock buybacks.
The review stems from a presidential executive order calling for a ban on stock buybacks and limits to executive compensation.
The new strategy will give priority to overseas partners that have invested in their own military defenses.
Canada is seeking to create 125,000 jobs and increase corporate revenue by billions annually by ensuring domestic firms receive priority from a sizable increase in defense spending.
RTX’s Raytheon division committed to surging its missile output, following pressure from Pentagon officials and President Trump to increase production.
