Lockheed Martin CEO says company pouring billions into missile output after Trump’s defense push

Lockheed Martin CEO Jim Taiclet says the company is investing billions to quadruple production of its Terminal High Altitude Area Defense (THAAD) missile defense system as the Trump administration urges defense contractors to prioritize weapons manufacturing over Wall Street interests.

"We heard President Trump’s guidance loud and clear," Taiclet told FOX Business on Thursday, referencing the president’s warning against defense companies prioritizing stock buybacks over weapons production.