Key insights
- President Trump intends to nominate David Cummins to head the TSA, signaling a potential shift towards privatization and reduced government workforce. This could negatively impact companies reliant on government contracts and create uncertainty within the transportation security sector, leading to minor downward pressure on related equities.
WASHINGTON, April 23 (Reuters) - President Donald Trump intends to nominate a long-time business executive and government contracting expert to head the Transportation Security Administration, sources told Reuters Thursday.
Trump plans to tap David Cummins, a senior vice president of Serco North America who oversees its federal, state, and local government civilian customer portfolio. Earlier this month, Trump proposed privatizing much of TSA’s operations and cutting nearly 10,000 employees.
Trump fired the head of TSA, David Pekoske, on his first day in office in 2025 and has not nominated a replacement in more than 15 months.