Hegseth's Broker Reportedly Sought To Invest Millions in Defense Contractors in Run-Up To War
Source: MEDIAite
Mar 30th, 2026, 8:46 pm
Secretary of Defense Pete Hegseth‘s broker reportedly sought to invest millions of dollars in major defense contractors during the run-up to the Iran war.
In the weeks leading up to the initial Feb. 28 attack on Iran, Hegseth’s financial broker inquired about a multimillion-dollar investment in BlackRock’s Defense Industrials Active ETF, according to the Financial Times.
Formally called the iShares Defense Industrials Active ETF (IDEF), BlackRock launched the exchange-traded fund in May 2025. It invests primarily in global defense, aerospace, and security-related companies.
The Financial Times cited three people familiar with the incident, who claimed the inquiry arrived on behalf of a “high-profile potential client” and was “flagged internally at BlackRock.”. BlackRock, Morgan Stanley, and Hegseth have yet to comment on the matter.
Read more: https://www.mediaite.com/politics/trump/hegseths-broker-reportedly-sought-to-invest-millions-in-defense-contractors-in-run-up-to-war/
= new reply since forum marked as read
