Presidential Waiver of Statutory Requirements Pursuant to Section 303 of the Defense Production Act of 1950: Reviving the Manufacturing and Defense Industrial Base for Munitions and Minerals
MemorandumInvestment or subsidySigned 25/05/23Federal Register 25/06/04Open the original
Summary
President Trump determines that production capacity for munitions, missiles and associated equipment, critical minerals, uranium, copper, potash and gold must increase, and waives certain requirements of section 303 of the Defense Production Act for those supply chains.
By industry
- Defense1 trading day−1.1%p15 stocks5 trading days−1.8%p15 stocks20 trading days−1.1%p15 stocks
“increase production capacity of munitions, missiles and associated equipment, and minerals”
Day by day after the announcement
| Day | Defense stocks | S&P 500 |
|---|---|---|
| 25/05/22 | 0.0% | 0.0% |
| 25/05/23 | −1.9% | −0.8% |
| 25/05/27 | +0.4% | +1.4% |
| 25/05/28 | −1.4% | +2.1% |
| 25/05/29 | −1.7% | +1.1% |
| 25/05/30 | −0.8% | +1.0% |
| 25/06/02 | −1.8% | +1.7% |
| 25/06/03 | −0.3% | +2.1% |
| 25/06/04 | −0.4% | +2.1% |
| 25/06/05 | −0.3% | +1.6% |
| 25/06/06 | +0.9% | +2.8% |
| 25/06/09 | +1.6% | +2.8% |
| 25/06/10 | +0.3% | +3.3% |
| 25/06/11 | +0.4% | +3.1% |
| 25/06/12 | +1.1% | +3.4% |
| 25/06/13 | +2.8% | +2.3% |
| 25/06/16 | +0.7% | +3.3% |
| 25/06/17 | +2.4% | +2.4% |
| 25/06/18 | +1.3% | +2.5% |
| 25/06/20 | +1.4% | +2.0% |
| 25/06/23 | +2.3% | +3.5% |
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.
- Eric M. Demarco
BuyKratos Defense & Security Solutions
BuyKratos Defense & Security Solutions
KTOS
$250.4K
7,455 sh
$250.4K
Filed 25/05/12
Traded 25/05/12
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$50.3M
177,611 sh
$50.3M
Filed 25/06/17
Traded 25/06/13
- Christopher E. Kubasik
SellL3HARRIS Technologies
SellL3HARRIS Technologies
LHX
$8.2M
33,061 sh
$8.2M
Filed 25/06/13
Traded 25/06/12
- Srinivas Attili
BuyScience Applications International
BuyScience Applications International
SAIC
$10.2K
100 sh
$10.2K
Filed 25/06/05
Traded 25/06/03
- John Boozman
BuyRTX
BuyRTX
RTX
$1K–$15K
Joint
$1K–$15K
Reported 25/06/14
Traded 25/05/30
- Dantaya M. Williams
SellRTX
SellRTX
RTX
$2.3M
16,922 sh
$2.3M
Filed 25/06/05
Traded 25/06/03
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$1.4M
4,904 sh
$1.4M
Filed 25/06/17
Traded 25/06/16
- Gregory S. Gallopoulos
SellGeneral Dynamics
SellGeneral Dynamics
GD
$8.7M
30,509 sh
$8.7M
Filed 25/06/17
Traded 25/06/13
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$769K
2,735 sh
$769K
Filed 25/06/17
Traded 25/06/16
- Jeffrey S. Shockey
SellBoeing
SellBoeing
BA
$650.2K
3,205 sh
$650.2K
Filed 25/05/15
Traded 25/05/13
- Michael J. Cleary
SellBoeing
SellBoeing
BA
$558K
3,000 sh
$558K
Filed 25/05/08
Traded 25/05/06
- Christopher E. Kubasik
SellL3HARRIS Technologies
SellL3HARRIS Technologies
LHX
$546.4K
2,212 sh
$546.4K
Filed 25/06/13
Traded 25/06/11
- Jana Partners Management
SellMercury Systems
SellMercury Systems
MRCY
$4.6M
100,000 sh
$4.6M
Filed 25/05/09
Traded 25/05/09
- Jana Partners Management
SellMercury Systems
SellMercury Systems
MRCY
$4.1M
88,152 sh
$4.1M
Filed 25/05/09
Traded 25/05/08
- Kathy J. Warden
Sell10b5-1 planNorthrop Grumman
Sell10b5-1 planNorthrop Grumman
NOC
$3.8M
7,500 sh
$3.8M
Filed 25/06/13
Traded 25/06/13
- Phebe N. Novakovic
SellGeneral Dynamics
SellGeneral Dynamics
GD
$343.7K
1,210 sh
$343.7K
Filed 25/06/17
Traded 25/06/13
- Amy L. Johnson
SellRTX
SellRTX
RTX
$320.8K
2,515 sh
$320.8K
Filed 25/05/08
Traded 25/05/06
- John Boozman
Partial saleGeneral Dynamics
Partial saleGeneral Dynamics
GD
$1K–$15K
Joint
$1K–$15K
Reported 25/06/14
Traded 25/05/20
- Gregory S. Gallopoulos
SellGeneral Dynamics
SellGeneral Dynamics
GD
$2.3M
8,109 sh
$2.3M
Filed 25/06/17
Traded 25/06/13
- Amy L. Johnson
SellRTX
SellRTX
RTX
$207.9K
1,631 sh
$207.9K
Filed 25/05/08
Traded 25/05/06