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Biden Aides’ Ties to Consulting and Investment Firms Pose Ethics Test

  • November 29, 2020

Pine Island Capital has been on something of a buying spree this year, purchasing the weapons system parts manufacturer Precinmac and a company until recently known as Meggitt Training Systems and now known as InVeris, which sells computer-simulated weapons training systems to the Pentagon and law enforcement agencies.

Another person listed as a member of the Pine Island team is Lloyd J. Austin III, a retired Army general who is also under consideration for defense secretary, according to a person familiar with the selection process.

Also working with Pine Island are Richard A. Gephardt, the former House majority leader, and Tom Daschle, the former Senate majority leader, both Democrats, as well as Don Nickles, a Republican, who was chairman of the Senate Budget Committee and is now the chief executive of a lobbying firm with dozens of major corporate clients.

Ms. Flournoy, who served as under secretary of defense for policy during the Obama administration and as an assistant secretary of defense during the Clinton administration, has other business ties that could overlap with her role if Mr. Biden chose her to run the Pentagon.

She is a member of the board at Booz Allen Hamilton, a global firm that has billions of dollars in federal contracts including a deal signed in 2018 to provide cybersecurity services to six federal agencies. That company paid her about $440,000 in the last two years, much of it stock awards.

Republicans have already signaled that they intend to bore in on WestExec in confirmation hearings for Mr. Blinken, and other nominees with links to it.

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