Story perspectives

Trump Calls Defense Production Act, Urges Speed Over Profits

6/23/2026

Summary

Story summary

President Donald Trump invoked the Defense Production Act in a June 11 memo to Secretary Pete Hegseth to address supply chains.
The administration urged defense firms to prioritize speed over returns.
Trump will meet leaders from Lockheed Martin, RTX, BAE Systems, Boeing, Honeywell Aerospace and Northrop Grumman.
The January executive order limits dividend payments and buybacks, with Northrop Grumman and RTX raising dividends about 7% in May and others halting buybacks.

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Story summary

President Donald Trump invoked the Defense Production Act in a June 11 memo to Secretary Pete Hegseth to address supply chains.
The administration urged defense firms to prioritize speed over returns.
Trump will meet leaders from Lockheed Martin, RTX, BAE Systems, Boeing, Honeywell Aerospace and Northrop Grumman.
The January executive order limits dividend payments and buybacks, with Northrop Grumman and RTX raising dividends about 7% in May and others halting buybacks.