Trump halts all Army contract awards and solicitations
Posted: Jan 29, 2025
- Army contracts and solicitations paused
- Powerful US defense industry will likely overcome this hurdle
- Consider buying puts on companies like Lockheed ($LMT) or Raytheon ($RTX)
- Potential opportunity to buy the dip later on mainstream news
- The US Army has halted all new contracts and solicitations for review
- Defense Secretary Pete Hegseth put a pause on Army contracts and solicitations
- Existing contracts and solicitations are being reviewed to align with new leadership policies
- Army contracting activities are still moving forward
- The goal is to ensure programs are aligned with new leadership's policies and directives
- More updates to follow on this developing story
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