Hegseth Warns US Defense Companies: Accelerate or Disappear – General Dynamics (NYSE:GD), Boeing (NYSE:BA)

The US Secretary of Defense Piet Hegseth warned major defense contractors, among others, on Friday Lockheed Martin Corp. (NYSE:LMT), RTX Corp. (NYSE:RTX), Northrop Grumman Corp. (NYSE:NOC), Boeing Co. (NYSE:BA) and General Dynamics Corp. (NYSE:GD), that they must accelerate the development and production of weapons or they risk becoming obsolete. New ‘Deal Team’ to Reshape Pentagon […]