Kollitides is a close associate of Deputy Defense Secretary Steve Feinberg, who is racing to rebuild missile stockpiles depleted by the war with Iran. Feinberg is employing a Wall Street strategy involving government stakes in suppliers, including a $300M deal with a turnaround firm, to speed production. The effort is hampered by a $20B funding shortfall, as Congress provided only $8B of the $28B emergency request needed to replenish stocks and satisfy demands from President Trump.
Tuesday, October 20, 2026
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Pentagon Official George Kollitides Exits Alvarez & Marsal After $281M Probe
Business8 days ago
The manager of a new US weapons-production office spent months simultaneously working for a consulting firm that received a massive government contract to advise his own department. George Kollitides, a senior defense official, left Alvarez & Marsal Capital last week as ProPublica began investigating his financial ties and dual employment. The investigation centers on a $281M no-bid contract awarded in June to Alvarez & Marsal to support the BOND office, which Kollitides managed while remaining on the firm's payroll.
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