Trump's War Department invests $1 billion to get pre-IPO shares of this rocket-motor maker
Shares of L3Harris Technologies shot further into record territory Tuesday after the defense contractor became the latest company in which the U.S. government has taken an ownership stake.
A $1 billion investment by the U.S. Defense Department in L3Harris’s recently created missile-solutions business comes ahead of the company’s plan to pursue an initial public offering of the business. The investment was made through convertible preferred securities that will automatically convert into common stock in an IPO, which is targeted to take place in the second half of 2026.
More behind a paywall at:
https://www.marketwatch.com/story/trumps-war-department-invests-1-billion-to-get-pre-ipo-shares-of-this-rocket-motor-maker-9d06fd7f
When did taxpayer dollars get approved to be “invested” by some turd in this maladminstration?
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It's amusing because supposedly the RWNJ's "hate" when "the government chooses winners and losers", they've ranted about it for decades, it runs contrary to their supposed "free market ideals" and all that rot.
But when Dear Leader puts his stamp of approval on it, turns out their principles aren't so deeply-held after all. Of course, that's true about their reaction to pretty much everything he does, no matter how much it flies in the face of everything they claim are their "principles". It's especially glaring when comes to "states rights" and IQ47's now-obvious imperialist tendencies, but their largesse in this regards extends to pretty much anything, because none of them have any ACTUAL principles, morals , or intellectual integrity in general 
