The Pentagon Gave $350 Million in Contracts to a Firm Closely Tied to a Senior Defense Department Official
Photo illustration by Shoshana Gordon/ProPublica. Source images: Danny Johnston/AP, Douglas Rissing via iStock, Air Force Maj. David Brown and Marine Corps Lance Cpl. Isaac Garza. Among a cadre of Wall Street executives brought into the Pentagon during President Donald Trump’s second term, George K. Kollitides II has emerged as a powerbroker with a broad mandate to improve procurement of weapons and critical minerals. The longtime partner at the private equity firm Alvarez & Marsal Capital has framed his tour of duty in government as a service to the country. But the work he’s leading has also been a boon to his old friends in the private sector, government procurement records show. In April, months after Kollitides had started work at the Pentagon, he was listed on a securities filing as continuing to work for his old company as a senior adviser. Two months later, the Defense Department finalized a $281 million no-bid consulting contract with an affiliate firm, A...