Fact Sheet: President Donald J. Trump Prioritizes the Warfighter in Defense Contracting
Fact sheetRegulation tightenedPublished 01/07Open the original
Summary
President Trump directs the Secretary of War to identify underperforming defense contractors that spend on stock buybacks and distributions instead of production capacity, seek remediation plans, and bar buybacks and distributions during underperformance in future contracts.
By industry
- Defense1 trading day−0.5%p15 stocks5 trading days+7.9%p15 stocks20 trading days+1.6%p15 stocks
“stop defense contractors from putting stock buybacks and excessive corporate distributions ahead of production capacity”
Day by day after the announcement
| Day | Defense stocks | S&P 500 |
|---|---|---|
| 26/01/06 | 0.0% | 0.0% |
| 26/01/07 | −0.8% | −0.3% |
| 26/01/08 | +2.5% | −0.2% |
| 26/01/09 | +6.0% | +0.3% |
| 26/01/12 | +7.7% | +0.4% |
| 26/01/13 | +8.1% | +0.2% |
| 26/01/14 | +9.0% | −0.3% |
| 26/01/15 | +10.4% | 0.0% |
| 26/01/16 | +11.9% | −0.1% |
| 26/01/20 | +8.4% | −2.0% |
| 26/01/21 | +8.8% | −0.8% |
| 26/01/22 | +8.9% | −0.6% |
| 26/01/23 | +8.9% | −0.6% |
| 26/01/26 | +7.1% | +0.0% |
| 26/01/27 | +8.2% | +0.5% |
| 26/01/28 | +7.1% | +0.3% |
| 26/01/29 | +5.9% | +0.3% |
| 26/01/30 | +4.6% | −0.1% |
| 26/02/02 | +3.5% | +0.5% |
| 26/02/03 | +5.2% | −0.4% |
| 26/02/04 | +0.9% | −0.7% |
Korean stocks in these industries
- Hanwha Aerospace 012450
- Korea Aerospace Industries 047810
- LIG Defense & Aerospace 079550
- Hyundai Rotem 064350
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Prabu Natarajan
BuyScience Applications International
BuyScience Applications International
SAIC
$201K
2,000 sh
$201K
Filed 25/12/16
Traded 25/12/16
- James Reagan
BuyScience Applications International
BuyScience Applications International
SAIC
$100.2K
1,000 sh
$100.2K
Filed 25/12/17
Traded 25/12/16
- Vincent P. DiFronzo
BuyScience Applications International
BuyScience Applications International
SAIC
$15.4K
150 sh
$15.4K
Filed 01/06
Traded 25/12/23
- Hilary Hageman
BuyScience Applications International
BuyScience Applications International
SAIC
$10K
100 sh
$10K
Filed 25/12/17
Traded 25/12/16
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$4.1M
5,734 sh
$4.1M
Filed 02/10
Traded 02/06
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$3.3M
4,695 sh
$3.3M
Filed 02/10
Traded 02/06
- Srinivas Attili
BuyScience Applications International
BuyScience Applications International
SAIC
$10.1K
100 sh
$10.1K
Filed 01/02
Traded 25/12/31
- Julia Letlow
BuyBoeing
BuyBoeing
BA
$1K–$15K
Self
$1K–$15K
Reported 03/12
Traded 02/02
- David Rouzer
Full saleBoeing
Full saleBoeing
BA
$1K–$15K
Self
$1K–$15K
Reported 01/07
Traded 25/12/09
- David Rouzer
Full saleBoeing
Full saleBoeing
BA
$1K–$15K
Self
$1K–$15K
Reported 01/07
Traded 25/12/09
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$2.5M
3,552 sh
$2.5M
Filed 02/10
Traded 02/06
- Howard E. McKenzie
SellBoeing
SellBoeing
BA
$2.5M
10,496.82 sh
$2.5M
Filed 02/05
Traded 02/05
- Eric M. Demarco
Sell10b5-1 planKratos Defense & Security Solutions
Sell10b5-1 planKratos Defense & Security Solutions
KTOS
$17.1M
189,824 sh
$17.1M
Filed 01/06
Traded 01/06
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$1.6M
2,303 sh
$1.6M
Filed 02/10
Traded 02/06
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$1.6M
2,196 sh
$1.6M
Filed 02/10
Traded 02/06
- Eric M. Demarco
Sell10b5-1 planKratos Defense & Security Solutions
Sell10b5-1 planKratos Defense & Security Solutions
KTOS
$13.6M
169,441 sh
$13.6M
Filed 25/12/23
Traded 25/12/22
- Kathy J. Warden
SellNorthrop Grumman
SellNorthrop Grumman
NOC
$928.7K
1,306 sh
$928.7K
Filed 02/10
Traded 02/06
- Uma M. Amuluru
SellBoeing
SellBoeing
BA
$644.6K
2,731.35 sh
$644.6K
Filed 02/05
Traded 02/04
- David Paddock
SellGeneral Dynamics
SellGeneral Dynamics
GD
$5.7M
16,895 sh
$5.7M
Filed 25/12/18
Traded 25/12/17
- Kathy J. Warden
Sell10b5-1 planNorthrop Grumman
Sell10b5-1 planNorthrop Grumman
NOC
$4.2M
7,000 sh
$4.2M
Filed 01/07
Traded 01/05