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Pentagon headhunting Goldman, JPMorgan bankers for 'Economic Defense Unit', Semafor reports
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Pentagon headhunting Goldman, JPMorgan bankers for 'Economic Defense Unit', Semafor reports
Mar 11, 2026 1:29 PM

March 11 (Reuters) - The Pentagon is building a new team

of investment bankers steeped in private equity to invest $200

billion over three years in defense deals, Semafor reported on

Wednesday, citing a document it had reviewed.

The Department of Defense is specifically going after

Goldman Sachs ( GS ), Morgan Stanley ( MS ), JPMorgan ( JPM ) and Bank of America ( BAC ) as

prime recruiting targets for the 30-person team, the report

said.

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