Trump threatens cut in Raytheon's government contracts over stock buybacks

WASHINGTON, Jan 7 (Reuters) - U.S. President Donald Trump criticized defense ​contractor Raytheon on Wednesday ‌for what he called the company's slow ‌response to the demands of the U.S. military and threatened to cut its government contracts ⁠if the ‌firm did not restrict stock buybacks.

"Also, if Raytheon wants ‍further business with the United States Government, under no circumstances will ​they be allowed to do ‌any additional Stock Buybacks, where they have spent Tens of Billions of Dollars, until they are able to get their act ⁠together," Trump wrote ​on social media.

"I ​have been informed by the Department of War that ‍Defense Contractor, ⁠Raytheon, has been the least responsive to the needs of ⁠the Department of War."

(Reporting by Kanishka ‌Singh in Washington; Editing ‌by Chris Reese)