Trump Bought $1M+ in Dell Stock Weeks Before Company Won $9.7B Pentagon Contract
By
Isabel van Brugen
3d ago· 4 min readenNews
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Summary
Donald Trump purchased over $1 million in Dell Technologies stock weeks before Dell secured a $9.7 billion Pentagon contract, raising concerns from government ethics watchdogs. The Defense Department awarded Dell Federal Systems a five-year contract to manage Microsoft software purchases across the military, intelligence community, and Coast Guard. Dell shares surged nearly 40% in after-hours trading following the announcement.
Key quotes
· 3 pulledTrump bought more than $1 million in Dell Technologies stock weeks before the tech giant secured a $9.7 billion Pentagon contract, triggering warnings from ethics watchdogs.
The Defense Department announced Wednesday that Dell Federal Systems, the company's government-focused unit, had secured a five-year contract to oversee purchases of Microsoft software, services, and licenses across the military, intelligence community, and the U.S. Coast Guard.
Dell shares surged nearly 40 percent in after-hours trading on Thursday.
Government ethics watchdogs are taking a closer look at the president’s stock purchases in the weeks leading up to the contract.
