President Donald Trump on Wednesday simultaneously voiced support for a heightened military budget while taking a hard stance against the defense contractors who would benefit from a Pentagon spending boost.
Trump said in a Truth Social post he would cap defense contractor executive pay at $5 million and bar stock dividends and buybacks “until such time as these problems are rectified,” a reference to what he said is the slow maintenance of military equipment. In a later post, Trump advocated for a $1.5 trillion FY2027 budget for the Pentagon.
We previously scooped that the White House was prepping an executive order to limit defense contractors’ ability to reward shareholders. Text of the directive is not yet out.
