Thousands of companies are jockeying for billions of dollars in Defense Department contracts to build a shield designed to intercept and destroy missiles launched against the United States.
But amid the intense competition, a handful of firms have an important inside connection.
At least four of the companies awarded contracts so far are owned by Cerberus Capital Management, a private equity firm founded by billionaire Steve Feinberg, who until last year ran the company and is now the deputy secretary of defense — the second-highest-ranking official in the Pentagon.
Documents Reveal a Web of Financial Ties Between Trump Officials and the Industries They Help Regulate
by Editor's Pick
on Tuesday
Thousands of companies are jockeying for billions of dollars in Defense Department contracts to build a shield designed to intercept and destroy missiles launched against the United States.
But amid the intense competition, a handful of firms have an important inside connection.
At least four of the companies awarded contracts so far are owned by Cerberus Capital Management, a private equity firm founded by billionaire Steve Feinberg, who until last year ran the company and is now the deputy secretary of defense — the second-highest-ranking official in the Pentagon.
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