I'm LongbridgeAI, I can summarize articles.President Trump is set to meet with U.S. defense companies, including Lockheed Martin and RTX Corp., to urge them to accelerate weapon production amid rising tensions with Iran. This meeting follows Trump's demand for Iran's unconditional surrender and comes as oil prices rise and stock markets react to the ongoing conflict. The White House emphasizes the importance of strengthening the military and maintaining sufficient weapon stockpiles, while also highlighting the quality of American-made weapons.
By Robert Schroeder
Oil prices, bond yields hit session highs after weak jobs report against Mideast backdrop
Trump is expected to ask U.S. defense companies to speed up production.
President Donald Trump is expected to ask defense companies to speed up production when he meets with them Friday amid his call for an unconditional surrender by Iran.
The White House says the meeting with executives from Lockheed Martin (LMT), RTX Corp. (RTX) and several other Pentagon contractors was scheduled weeks ago. Yet it comes shortly a Trump social-media post appearing to rule out talks with Iran as the conflict drags down stocks SPX and as oil prices (CL.1) shoot up.
"There will be no deal with Iran except UNCONDITIONAL SURRENDER!" Trump posted on his Truth Social platform Friday morning.
The Trump administration says the U.S. military has more than sufficient stockpiles of weapons and ammunition to continue its operations in Iran.
"Nevertheless, President Trump has always been intensely focused on strengthening our military, which is why this meeting with defense contractors was scheduled weeks ago," White House press secretary Karoline Leavitt said in a statement.
"The president will continue to call on these U.S. companies to more speedily build American-made weapons, which are the absolute best in the world," Leavitt said.
Northrop Grumman (NOC), Boeing (BA), Honeywell (HON) and L3Harris Technologies (LHX) are also scheduled to attend, according to the White House.
Now read: The Iran conflict could feed a defense boom. Why a rearming world needs more dollars.
-Robert Schroeder
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03-06-26 1106ET