The president accuses the defence giant of slow delivery and warns profits cannot come before military needs.
Donald Trump has warned Raytheon that it could lose future US government contracts unless it halts stock buybacks, escalating his pressure campaign on defence companies to prioritise weapons production over shareholder returns.
In a post on his Truth Social platform on Wednesday, the US president accused Raytheon of being the slowest major contractor to respond to Pentagon demands, saying he had been briefed by the Department of War on the company’s performance.
“If Raytheon wants further business with the United States Government, under no circumstances will they be allowed to do any additional stock buybacks”, Trump wrote, adding that the company must “get its act together” before seeking new contracts.
