Lockheed-Northrop in Focus, Intel’s Trump-Driven Spike and $6B Crypto Deals

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Lutnick Signals Washington Could Tap Lockheed, Northrop Next

US Commerce Secretary Howard Lutnick has put the defense sector on notice after the Intel Corp. (NASDAQ: INTC) deal gave Washington nearly a 10% stake in the chipmaker.

His comments singled out Lockheed Martin (NYSE: LMT), calling it “basically an arm of the US government,” while investors also pushed shares of Northrop Grumman (NYSE: NOC) higher. Other contractors, Boeing (NYSE: BA), RTX Corp. (NYSE: RTX), General Dynamics (NYSE: GD), and Science Applications International Corp. (NYSE: SAIC), are now under the microscope.

This follows a bold $11B move funded by the Chips and Science Act, backed by President Donald Trump, that redefined America’s economic statecraft. Lutnick even invoked Harvard University and rare earth supply chains as examples where taxpayer support could justify equity stakes.

From semiconductors to stealth fighters, the boundaries between Wall Street and Washington are blurring. The question now: who’s next?

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