Trump warns defense firms about executive pay and production speed.

President Trump issued a stern warning to defence contractors supplying the US military, threatening action if they did not cap executive pay, invest in factories, and produce equipment faster. He singled out Raytheon as a top offender, threatening to sever ties with the company. Trump also announced a plan to boost defence spending to $1.5 trillion in 2027. Stocks for defence contractors fell, reflecting uncertainty in the industry. Trump has previously taken aggressive actions with companies tied to national security concerns, such as acquiring stakes in US Steel and Intel.

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