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US House debates ban on defense contractors' stock buybacks in key defense bill

Market News
29 Jun 2026
CNBC
View Source
Bearish
pluang ai news

The US House of Representatives is considering an amendment to ban certain defense contractors like Boeing and Lockheed Martin from buying back their own stock as part of the 2027 National Defense Authorization Act. This measure, also in the Senate's version, aims to ensure contractors prioritize delivering products before shareholder payouts. Industry groups including the Chamber of Commerce oppose the ban, arguing it interferes with corporate governance and capital decisions. The House vote is expected soon, with the Pentagon able to waive the prohibition at its discretion if passed.

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