Private equity billionaire mounts his biggest takeover yet: The Pentagon

Wall Street Journal: The massive funding surge would pour into a military plagued by years of costly overruns and painful delays. Feinberg has told Trump administration officials he could avoid those pitfalls using a carrot-and-stick approach with companies on the receiving end of those dollars.

“Contractors that are willing to change with us will prosper and grow,” Feinberg told a crowd of executives from Lockheed Martin, Northrop Grumman and other major suppliers at the National War College in Washington, D.C. last year. “Those who don’t, and resist it, will be gone.”…

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