Documents Reveal a Web of Financial Ties Between Trump Officials and the Industries They Help Regulate

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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On his first day back in office, Trump rescinded an executive order signed by President Joe Biden that required his appointees to comply with an ethics pledge. The pledge barred them from working on issues related to their former lobbying topics or clients for two years. Weeks later, Trump fired 17 inspectors general charged with investigating fraud, corruption and conflicts of interest across the federal government. Around the same time, he removed the head of the Office of Government Ethics, the agency that oversees ethics compliance throughout the executive branch. The office is currently without a head or a chief of staff.

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“This is what President Eisenhower worried about in the 1960s” when he railed against the military-industrial complex...