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The Economic Times

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Pentagon headhunting Goldman, JPMorgan bankers for 'Economic Defense Unit': Report

The Pentagon is assembling a 30-person team of investment bankers from top firms like Goldman Sachs and JPMorgan to manage $200 billion in defense deals over three years. This initiative, pitched as a chance to serve your country, could align with past ambitions for a U.S. sovereign wealth fund.

12 Mar 2026 7:24 am