Telegraph finds potential conflicts of interest on Trump’s Gaza peace board, including links to Israeli arms maker with a U.S. contract worth up to $150 million

An investigation by The Telegraph has identified business and investment ties involving members of President Donald Trump’s Board of Peace, including connections to Israeli defense manufacturer Smart Shooter, which recently won a U.S. military contract worth up to $150 million. The board is responsible for overseeing Gaza’s reconstruction and postwar governance.

The Telegraph reported that Affinity Partners holds a 7.4% stake in Phoenix Financial, an Israeli investment and insurance company. Phoenix was Smart Shooter’s largest institutional shareholder when the arms maker listed in March, with a 17% stake at the time; its current holding is unclear. Smart Shooter makes AI-assisted rifle sights, robotic weapon systems and armed drones, and its equipment has been used by Israeli forces in Gaza. The investigation found no indication that Kushner or other board members knew about or influenced the U.S. contract.