Boeing Says Trump's Equity Plan Does Not Apply To Big US Defense Firms: Report - Boeing (NYSE:BA)

Group 1 - Boeing's defense unit head, Steve Parker, stated that President Trump's plan to acquire government equity stakes does not apply to major defense contractors like Boeing, Lockheed Martin, RTX, and Northrop Grumman [1][2] - The equity stake initiative is aimed at smaller companies within the supply chain, as Parker emphasized that it does not pertain to prime contractors [3] - The Trump administration's strategy includes securing domestic supply chains, leading to government stakes in companies like Intel and MP Materials, and potential investments in critical minerals and quantum computing firms [5] Group 2 - Parker highlighted Boeing's significant investments in St. Louis, where the company manufactures fighter jets, contrasting with earlier comments from U.S. Commerce Secretary Howard Lutnick about possible equity stakes in major defense firms [4]