President Donald Trump on Wednesday announced that he would attempt to block stock dividends and buybacks for defense contractors until the industry improved its production pace and offered more timely repair services.

"All United State Defense Contractors, and the Defense Industry as a whole, BEWARE: While we make the best Military Equipment in the World (No other Country is even close!), Defense Contractors are currently issuing massive Dividends to their Shareholders and massive Stock Buybacks, at the expense and detriment of investing in Plants and Equipment," Trump posted on Truth Social. "This situation will no longer be allowed or tolerated!"

"Therefore, I will not permit Dividends or Stock Buybacks for Defense Companies until such time as these problems are rectified — Likewise, for Salaries and Executive Compensation. MILITARY EQUIPMENT IS NOT BEING MADE FAST ENOUGH!" he went on. "It must be built now with the Dividends, Stock Buybacks, and Over Compensation of Executives, rather than borrowing from Financial Institutions, or getting the money from your Government. Longer term, this is good for both Executives and Shareholders, because it will be GREAT for our Country! Thank you for your attention to this matter. MAKE AMERICA GREAT AGAIN!"

Trump also suggested capping executive pay at $5 million annually until the companies addressed his concerns.

Ben Whedon is the Chief Political Correspondent at Just the News. Follow him on X.