Latest news with #DefenseContractor
Bloomberg
4 days ago
- Automotive
- Bloomberg
Stock Movers: Tesla, Lockheed Martin, First Solar
On this episode of Stock Movers: - Tesla (TSLA) shares rise after Tesla CEO Elon Musk said he regretted some of his posts about President Donald Trump last week. The two traded barbs on social media last week after Musk criticized the Republicans' tax bill. - Lockheed Martin (LMT) shares drop after the Air Force cut its request for signature F-35s in half. That's down to 24 planes from 48 forecasted last year. The Air Force is the largest customer for Lockheed, which is the top US defense contractor. - First Solar (FSLR) shares rise after Jefferies raised its recommendation on the solar technology company to buy from hold on speculation that Congress may support parts of the Inflation Reduction Act. Bloomberg Intelligence analysts note that the Senate will probably moderate some of the House's provisions related to the Inflation Reduction Act, and they see an 80% chance that a deal gets done by the August recess.
Wall Street Journal
12-05-2025
- Politics
- Wall Street Journal
Trump Defends Gift of Plane from Qatar
WASHINGTON – President Trump defended Qatar's gift of a plane and said he would be a stupid person to not take it, despite ethical scrutiny over such an offer from a foreign nation. Under the potential arrangement, the plane owned by the Qatari royal family would be used as Air Force One while Trump is in office after being retrofitted by a U.S. defense contractor. The U.S. wouldn't pay for the luxury 747-style jumbo jet.
Wall Street Journal
11-05-2025
- Politics
- Wall Street Journal
Trump Administration in Talks to Accept New Air Force One as Gift From Qatar
President Trump's administration is in talks with the Qatari government about accepting a luxury Qatari plane for his use as president and potentially beyond, according to people familiar with the matter. Under the potential arrangement, which is raising legal and ethical concerns, the plane owned by the Qatari royal family would be used as Air Force One while Trump is in office after being retrofitted by a U.S. defense contractor. The U.S. wouldn't pay for the luxury 747-style jumbo jet. It may then be gifted to the Trump presidential library for Trump to use after he leaves office, the people said.
