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SecDef Nominee Austin Discloses Ties To Industry, Will Recuse Himself From Raytheon-Related Decisions

Matthew Beinart By
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SecDef Nominee Austin Discloses Ties To Industry, Will Recuse Himself From Raytheon-Related Decisions
U.S. Army Gen. Lloyd J. Austin III, then commander of U.S. Central Command, briefs the media on U.S. Central Command's role in defeating the Islamic State of Iraq and the Levant (ISIL) during a press briefing Oct. 17, 2014, at the Pentagon in Arlington, Va. (DoD photo by Master Sgt. Adrian Cadiz, U.S. Air Force/Released)

Ret. Gen. Lloyd Austin, president-elect Biden’s nominee, for defense secretary, has pledged to recuse himself from decisions involving Raytheon [RTN] where he has served on the board of directors, for at least a year if confirmed to lead the Pentagon. Austin, the former U.S. CENTCOM commander, also stands to receive up to $1.7 million in payments from Raytheon as he divests his shares in the company in preparation for his new position, according to new documents filed with the Office…

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