White House preparing order that could limit military contractor compensation, Punchbowl reports
Reuters
Yesterday
UPDATE 1-White House preparing order that could limit military contractor compensation, Punchbowl reports
Adds details on defense contractors, paragraph 3
Dec 16 (Reuters) - The White House is preparing an executive order that could limit stock buybacks, dividends and executive compensation for military contractors, Punchbowl News reported on Tuesday.
The directive targets some of the biggest companies that supply the Pentagon with war-fighting equipment, Punchbowl said, citing multiple sources.
Leading Pentagon contractors include LockheedLMT.N, RTX RTX.N, Boeing BA.N and L3Harris Technologies LHX.N.
(Writing by Christian Martinez, editing by David Ljunggren and Scott Malone)
((Christian.Martinez@thomsonreuters.com;))
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