As major defense businesses face pressure from the Trump administration to put more of their profits toward weapons building, Lockheed Martin isn’t going out of its way to reassure shareholders they’ll continue to see these rewards.
CEO Jim Taiclet on Thursday sidestepped questions about Lockheed’s plans for stock dividends and buybacks in the face of President Donald Trump’s crackdown on military suppliers. Taiclet instead focused on the company’s planned increases in expanded production capacity and new technology development.
“We will be evaluating all of our capital deployment options as time progresses,” Taiclet said during a Thursday earnings call. “We’ll announce those decisions as they occur, publicly as required and as has been our practice. We will be continuing to operate in a dynamic way. It’s actually more dynamic than ever these days.”
