Trump Says Lockheed Martin, Raytheon Are Building Like 'Never Seen Before,' Defends $200 Billion Pentagon Request - Lockheed Martin (NYSE:LMT), RTX (NYSE:RTX)
Published on March 20, 2026.
President Donald Trump defended the proposed $200 billion increase in the defense budget for the Pentagon, stating that the country's ammunition stockpiles were depleted by aid to Ukraine and former President Joe Biden provided $350 billion in cash and military support without replenishing supplies. He also mentioned Raytheon and Lockheed Martin's plans to build four factories and five to six, following pressure from his administration. However, he did not discuss the potential deployment of U.S. troops to the region. The Pentagon's request for the increase was criticized by California Governor Gavin Newsom and House Democratic Leader Hakeem Jeffries for focusing on military operations in the Middle East rather than domestic issues.
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