John Balfe serves as Senior Defense and Aerospace Advisor to XMS Capital Partners with twenty years of investment banking experience, and advising the US DoD on economic strategy since 2005. He joined XMS in 2016. Mr. Balfe founded and headed Lazard Freres aerospace and defense practice from 2000 through 2005, advising, inter alia, Lockheed Martin, DRS, General Atomics, and Herley. Prior to joining Lazard, he was head of investment banking at Troika Dialog and United Financial Group in Russia, with clients including DuPont, Philip Morris and Clondalkin. He began his career at the New York office of Robert Fleming. He was awarded an AM from Princeton University and an AB with high honors from UC Berkeley. He is also an Adjunct Fellow at Hudson Institute. Mr. Balfe has top secret clearance.