Rahm Emanuel Says US Defense Firms Cause Bigger Risks Than China
- Buybacks pose bigger risk than China, outgoing US envoy says
- Delays in defense equipment shipments may hurt US alliances
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American defense companies are hurting the nation’s security interests by prioritizing share buybacks over delivering weapons to the US military and its allies, according to the outgoing US envoy to Japan.
Ambassador Rahm Emanuel said the firms are more focused on increasing their stock value than on investing in production capacity. This has contributed to delays in weapons shipments, which could harm US security and weaken American alliances, he said in an interview on Wednesday.