President Trump called on IBM (NYSE:IBM) and other companies to help improve the nationâs antiquated government computer system during meeting with a group of CEOs at the White House Tuesday.
Continue Reading Below
âWe have a computer system in this country thatâs 40 years old,â Trump said. âSo when you hear we are hacked and weâre this and we are like easy targetsâ¦ one of the things we are doing is, in fact, we are working with a very, very wonderful woman from IBM and others.â IBM CEO Ginni Rometty was one of the business leaders meeting with Trump, along with top White House officials including Gary Cohn, Steve Bannon and Reince Priebus to name a few.
Trump hopes to neutralize the high cost of updating and maintaining the computers with a âmassiveâ upgrade which includes brand new equipment. âIâve heard anywhereâ¦ from $39 billion to $89 billion a yearâ¦ Thatâs for keeping our computers updated and running,â he said. âI think we can buy a whole new system for less money than that.â
Despite the shout out to IBM, Trump clarified that he looks at many companies across multiple industries when evaluating products and services.
âWhen I said to Lockheed, I like the F-35 fighter jets, then I said but I also like the Boeing F-18. So I love youâre [IBM] computers, but we are also looking at others,â he added.
Trump is no stranger to calling out public companies, verbally or on social media, for better or worse. Nordstrom (NYSE:JWN), Ford (NYSE:F) and General Motors (NYSE:GM) have all earned mentions on his Twitter feed.
Big announcement by Ford today. Major investment to be made in three Michigan plants. Car companies coming back to U.S. JOBS! JOBS! JOBS!— Donald J. Trump (@realDonaldTrump) March 28, 2017
GM CEO Mary Barra also attended the meeting today, as did Walmart CEO Doug McMillon (NYSE:WMT) and Pepsi CEO Indra Nooyi (NYSE:PEP) among others. This is one of several CEO gatherings hosted by Trump since he won the November 2016 election.