A top Senate committee is seeking to enforce President Donald Trump’s clampdown on US defense contractors’ shareholder distributions as the US military races to innovate and build cheaper weapons faster.
Pentagon contractors would be required to submit a “qualified defense investment plan” to increase production capacity or face restrictions on shareholder distributions, according to provisions included in the Senate Armed Services annual defense authorization bill approved this week behind closed doors.
“Through a historic level of investment, and bold innovations in organization and procurement, this legislation facilitates the modernization of an American arsenal that will define the next generation of ...
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