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Pete Hegseth: “Companies now know we're going to give them orders for five…”

Featuring: Pete Hegseth, Secretary of Defense | National

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LIVE: Pete Hegseth testifies before House defense budget hearing (Full)

Published | Video Starts at 1:41:43

Because we're turning it. It's the right question. Because we've done it one way for years and years and gotten the same results. So this is changing the paradigm. Companies now know we're going to give them orders for five to seven years on exquisite munitions in exchange for them paying for capitalization of their own plants. We used to pay for them to build their plants and then buy the munitions from them. So now because they know they got, they got consistent income, they are. (1:41:43–1:41:52)

CLAIM

Asserts that companies will receive long-term orders in exchange for funding their own plant capitalizations.

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