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Trump Pentagon considers equity stakes in defence contractors

Trump Pentagon considers equity stakes in defense contractors like Lockheed, says Commerce Secretary Lutnick

Published

1 month ago

August 27, 2025

Ahron Young

Trump Pentagon considers equity stakes in defence contractors like Lockheed, says Commerce Secretary Lutnick

In Short:
– Pentagon officials are considering equity stakes in major defence contractors like Lockheed Martin.
– Discussions on defence financing are ongoing, with concerns over generous funding methods.

Top officials at the Pentagon are considering acquiring equity stakes in major defence contractors such as Lockheed Martin. Commerce Secretary Howard Lutnick revealed this interest during an interview on CNBC’s “Squawk Box,” following the government’s recent acquisition of a 10% stake in Intel.Lutnick mentioned that there is significant discussion around defence financing, asserting that Lockheed operates closely with the U.S. government.

He indicated the Trump administration’s reconsideration of how to fund munitions and other defence capabilities, describing current methods as excessively generous.

Major Changes

A spokesperson from Lockheed stated they are maintaining a strong working relationship with President Trump’s administration to bolster national defence. The Pentagon has yet to comment on the matter.

Trump’s recent control over a stake in Intel is seen as a part of a broader strategy to enhance governmental influence over the economy.

The action has sparked criticism, including concerns about potential shifts from commercial to political decision-making within Intel.

News

Electric vehicles transform last mile delivery market

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

Published

8 minutes ago

October 1, 2025

ticker NEWS

Australia’s last-mile delivery is rapidly adopting electric vehicles, fueled by green initiatives and insights from expert Joe Sofra.

The shift towards electric vehicles (EVs) for last mile delivery is accelerating globally, with Australia expected to see significant growth.

Companies and retailers are increasingly adopting greener solutions, driven by supporting government initiatives.

Joe Sofra from ANC discussed the current state of the last mile EV market.

#ElectricVehicles #Sustainability #LastMileDelivery #Innovation #Australia

News

Trump gives Hamas ultimatum for Gaza peace plan acceptance

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

Published

14 hours ago

October 1, 2025

Ahron Young

Trump gives Hamas deadline to accept Gaza peace plan amid rising pressure from Arab states and ongoing conflict in the region

In Short:
– Trump gives Hamas three to four days to accept a U.S.-backed Gaza peace plan, warning of consequences.
– Hamas calls the plan biased and insists on a complete Israeli withdrawal before considering any agreement.

U.S. President Donald Trump has given Hamas three to four days to accept a U.S.-backed peace plan for Gaza, warning of severe consequences if they reject it.The plan, shared by mediators Qatar and Egypt, emerged after Israeli Prime Minister Benjamin Netanyahu endorsed it during a visit to the White House. Hamas, which was not part of the talks, is expected to review the proposal that calls for disarmament, a previously rejected demand.

Trump stated that support for the plan came from both Israeli and Arab leaders, and he emphasised the need for Hamas to respond promptly. The proposal includes a ceasefire, hostage exchanges, an Israeli withdrawal from Gaza, and disarmament of Hamas, along with a transitional government.

A Hamas source described the plan as biased towards Israel and containing unacceptable conditions.

The group maintains that a complete Israeli withdrawal is a prerequisite for their agreement to any deal, while they are unwilling to disarm.

Pressure Mounts

Hamas faces significant pressure as foreign ministers from Saudi Arabia, Jordan, the UAE, Qatar, and Egypt have supported the initiative. Turkey’s intelligence head is also set to join discussions in Doha, marking a new level of mediation.

Despite expressing initial support, Netanyahu is cautious about the plan’s implications for Palestinian statehood and faces pressure from his coalition. Public sentiment in Gaza reflects a desire for peace, albeit with scepticism about the sincerity of both Trump and Netanyahu’s commitments.