Becton Dickinson and Co. (NYSE:BDX) plans to invest $3 billion in U.S. medical-product manufacturing, President Donald Trump said.
In a Truth Social post late Monday, Trump said that more than $1 billion will be invested in Nebraska, where BD plans to expand medical-product production, including needles made from U.S. steel.
The President said that the investment was tied to planned “strong” medical device tariffs expected by year-end. Trump said the domestic expansion would boost production of syringes, needles, lab kits and other medical products.
Notably, the Trump administration weighs potential tariffs on imported medical devices following a Commerce Department Section 232 investigation launched in September 2025. The department had 270 days to submit its findings to the President; however, a public final report or tariff decision is yet to be announced.
In January, the company said it plans to invest $110 million to expand prefillable syringe production at its Columbus, Nebraska, plant, creating about 120 jobs, following an earlier $35 million investment at the site.
Becton Dickinson did not immediately respond to Benzinga’s request for comments.
BD Streamlines Portfolio
Earlier this year, BD completed the spin-off of its Biosciences & Diagnostic Solutions business and its combination with Waters Corporation, marking the final step of its BD 2025 strategy. CEO Tom Polen had said the move leaves BD as a focused pure-play MedTech company, following the divestiture of three non-core assets and more than 20 strategic acquisitions.
In August, BD reported third-quarter revenue of $5.0 billion, up 5.4% year over year, while adjusted diluted EPS reached $3.23. The company raised the midpoint of its adjusted EPS outlook and expects full-year revenue growth toward the high end of its guidance range, citing continued momentum and margin improvement.
Trump Links Tariffs to Domestic Investment Boom
Last month, Trump announced plans for a $15 billion steel plant in Iowa, which he described as the largest of its kind in the U.S. He credited his 50% tariffs on steel imports with driving investment and reviving the domestic steel industry.
Earlier this month, Trump announced a more than $50 billion South Korean investment in the Alaska LNG project, with Commerce Secretary Howard Lutnick describing it as one of the largest energy infrastructure investments in U.S. history. The deal marks Seoul’s first U.S. investment under the $350 billion trade agreement signed last year, which lowered U.S. tariffs on South Korean imports to 15% from 25%. South Korea also agreed to purchase $100 billion of U.S. LNG and other energy products.
Shares of Becton Dickinson rose about 0.74% to $182 premarket on Tuesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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