United States Commerce Secretary Howard Lutnick announced on Tuesday that the Pentagon is exploring the possibility of acquiring equity stakes in prominent defense contractors like Lockheed Martin. This revelation follows closely on the heels of the U.S. government's recent acquisition of a 10% stake in Intel for approximately $9 billion. In an interview, Lutnick noted that Lockheed Martin derives a substantial portion of its revenue from federal contracts, effectively operating as an arm of the U.S. government, a factor that has piqued significant interest from the government in taking an equity position.
