President Donald Trump said Friday he secured commitments from major U.S. defense contractors to “quadruple Production of the ‘Exquisite Class’ Weaponry,” touting an accelerated expansion of production plants and output that he said began three months ago.
LMT shares are trading near 52-week highs. See the chart and price action here.
The announcement comes as the U.S. employs what he described as a “virtually unlimited supply” of munitions in Iran and recently employed in Venezuela.
Weapons Production 4x
In a post on Truth Social, Trump said he held a “very good meeting with the largest U.S. Defense Manufacturing Companies” and claimed they agreed to “quadruple Production of the ‘Exquisite Class’ Weaponry” to reach “as rapidly as possible, the highest levels of quantity.”
He added that “Expansion …Full story available on Benzinga.com
