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Scott Bessent: “Defense contractors are five, six, seven years behind on…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Conversation with Scott Bessent, US Secretary of the Treasury | WEF Annual Meeting 2026

Published | Video Starts at 26:08

They exist like the systemically important banks exist because of the backstage up from the Fed, because of the regulations. And these defense contractors have let down the American people. They have let down the American people. They Defense contractors are five, six, seven years behind on fulfillment of their contracts. and they exist because of the US Department of War. So I do not think it is unreasonable to tell them that until further notice you need to build more factories and buy back less stock. (26:08–26:14)

CLAIM

Asserts that defense contractors are significantly behind on fulfilling contracts.

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