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Defense Sector Could Be Next for Government Equity Deals After Intel, Says Lutnick
Defense Sector Could Be Next for Government Equity Deals After Intel, Says Lutnick
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BTCCSquare news:
Commerce Secretary Howard Lutnick suggests the defense industry may follow Intel's precedent in securing government equity deals. The move, exchanging cash for stakes in critical national security suppliers, aligns with existing arrangements like the Army's ownership of ammunition plants operated by private firms such as Olin Corporation.
Intel shares dipped 1.5% amid lingering market skepticism over such interventions. The defense sector's dual role as both public safeguard and private enterprise makes it a logical candidate for similar partnerships—though not without controversy.
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