U.S. President Donald Trump’s plan to take government equity stakes in strategic industries doesn’t apply to major defence firms, the head of Boeing’s defense unit said on Saturday (December 6, 2025).

“It really only applies on the supply chain, particularly for the smaller companies coming through where that might be a way forward for them to get some equity,” Steve Parker, Chief Executive Officer of Boeing Defence, Space & Security, said on a panel at the Reagan National Defense Forum, an annual industry event in Simi Valley, California.

“I don’t think it really applies to the Primes,” Mr. Parker added, referring to big legacy defence contractors like Boeing, Lockheed Martin, RTX and Northrop Grumman.