Lutnick Suggests Looking at Defense Sector After Intel Deal (2)

US Commerce Secretary Howard Lutnick suggested the government is looking at the defense sector and other industries for potential stakes in companies after an unorthodox deal that saw the US obtain a 10% share in chipmaker Intel Corp.

“Oh, there’s a monstrous discussion about defense,” Lutnick said Tuesday on CNBC when pressed on whether the administration was considering similar arrangements with companies that benefit from government policies, including in defense.

Lutnick singled out Lockheed Martin Corp., claiming the company makes much of its revenue because of the US government. “They are basically an arm of the US government,” he ...