Dec 16 (Reuters) – The White House is preparing an executive order that could limit stock buybacks, dividends and executive compensation for military contractors, Punchbowl News reported on Tuesday. The directive targets some of the biggest companies that supply the Pentagon with war-fighting equipment, Punchbowl said, citing multiple sources. Leading Pentagon contractors include Lockheed, RTX, […]
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White House preparing order that could limit military contractor compensation, Punchbowl reports
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Dec 16 (Reuters) – The White House is preparing an executive order that could limit stock buybacks, dividends and executive compensation for military contractors, Punchbowl News reported on Tuesday.
The directive targets some of the biggest companies that supply the Pentagon with war-fighting equipment, Punchbowl said, citing multiple sources.
Leading Pentagon contractors include Lockheed, RTX, Boeing and L3Harris Technologies.
(Writing by Christian Martinez, editing by David Ljunggren and Scott Malone)