Heidi Shyu
Under Secretary for Research & Engineering
Observations
  • Millionaire
Estimated Net Worth
  • estimated net worth
    $6.2 M - $13.5 M
Salary
  • salary
    Unknown
Employment
  • Started 07/22/2021

Financial Disclosure Details - OGE Form 278e (05/12/2022)

Positions Held Outside United States Government

#
Organization
City
Position
To
1
Arlington, Virginia
CEO
7/2021
2
Los Angeles, California
Member of the Board of Trustees
7/2021
3
Moorpark, California
Member of the Board of Advisors
7/2021
4
Dallas, Texas
Member of the Board of Advisors
7/2021
5
Los Angeles, California
Member of the Board of Advisors
7/2021
6
Grand Rapids, Michigan
Chairman of the Board of Advisors
7/2021
7
Clarksville, Tennessee
Member of the Board of Advisors
7/2021
8
San Juan, Puerto Rico
Member of Board of Advisors
7/2021
9
Arlington, Virginia
Trustee
Present
10
Rockville, Maryland
Chairman of the Board of Advisors
1/2021

Employment Assets & Income and Retirement Accounts

#
Description
Value
Income Type
Income Amount
1
Heidi Shyu Inc. (Aerospace & defense consulting services)
$100,001 - $250,000
Business Income
$264,588
1.1
Aerospace Corporation (space)
Trustee fee
$31,000
1.2
Auterion Government Solutions (small UAS)
Advisory Board Fees
$12,500
1.3
Plasan North America (advanced armor solutions)
Board of Director fees
$18,000
1.4
VK Integrated Systems (integrated soldier weapon systems)
Advisory Board fees
$12,500
1.5
Linse Capital (Advanced air mobility)
Advisory Board Fees
$12,500
1.6
Alpine Advanced Materials LLC (materials)
$15,001 - $50,000
None (or less than $201)
1.7
Levitate Capital (Venture capital investing in advanced air mobility)
Advisory Board Fees
$12,500
2
Raytheon Co.
2.1
Raytheon Non-Contributory Pension
$50,001 - $100,000
retirement payment (annual)
$53,586

Employment Agreements and Arrangements

#
Employer Or Party
City
Status And Terms
Date
1
Waltham, Massachusetts
I will continue to participate in the Non-Contributory pension.
10/2019
2
Arlington, Virginia
My consulting business will be inactive during my appointment. All amounts owed to me by my clients were fixed before I assumed the duties of the position of Under Secretary of Defense for Research & Engineering
7/2021

Sources of Compensation Exceeding $5,000 in a Year

#
Source
City
Duties
Nothing reported in this section

Spouse's Employment Assets & Income and Retirement Accounts

#
Description
Value
Type
Amount
1
University of Maryland
salary
2
Raytheon Non-Contributory Pension
$15,001 - $50,000
retirement payments
3
Rollover IRA
3.1
Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX)
$500,001 - $1,000,000
None (or less than $201)
3.2
Vanguard Wellesley Income Fund Investor Shares (VWINX)
$100,001 - $250,000
None (or less than $201)
3.3
Vanguard/Wellington Fund, Inc Investor Shares (VWELX)
$100,001 - $250,000
None (or less than $201)
4
Traditional IRA
4.1
Fidelity RAYSIP Fixed Income Fund
$500,001 - $1,000,000
None (or less than $201)
5
Fidelity Maryland Optional retirement Program
5.1
Fidelity Freedom Index Income Fund Institutional Premium Class Shares (FFGZX)
$1,001 - $15,000
None (or less than $201)

Other Assets and Income

#
Description
Value
Type
Amount
1
Residential Real Estate, Ashburn, VA
$500,001 - $1,000,000
Rent or Royalties
$15,001 - $50,000
2
Residential Real Estate, Ashburn, VA
$500,001 - $1,000,000
Rent or Royalties
$15,001 - $50,000
3
Residential Real Estate, Ashburn, VA
$500,001 - $1,000,000
Rent or Royalties
$15,001 - $50,000
4
Residential Real Estate, Fredericton, NB, Canada
$100,001 - $250,000
None (or less than $201)
5
US bank account #1 (cash)
$15,001 - $50,000
None (or less than $201)
6
KBS REIT II
$1,001 - $15,000
Dividends
$5,001 - $15,000
7
Pacific Oak Strategic Opportunity REIT
$50,001 - $100,000
Dividends
$201 - $1,000
8
Strategic Realty Trust
$15,001 - $50,000
Dividends
$201 - $1,000
9
EE Bond
$1,001 - $15,000
None (or less than $201)
10
Canada Bank (cash)
$15,001 - $50,000
None (or less than $201)

Transactions

#
Description
Type
Date
Amount
1
Residential purchase, Arlington, VA (rental property)
Purchase
04/30/2021
$500,001 - $1,000,000

Liabilities

#
Creditor
Amount
Incurred
Term
1
CENLAR
$250,001 - $500,000
2014
30
2
New American Funding
$100,001 - $250,000
2010
30
3
CENLAR
$50,001 - $100,000
2004
15

Gifts and Travel Reimbursements

#
Source Name
City
Description
Value
Nothing reported in this section

Endnotes

Section
#
Description
1
11
Although I did not have a formal position with this entity, they erroneously listed me on their website as a Member of their Board of Advisors until June 2021 when the error was corrected.
2
1.6
investment in Subsidiary of Catalyze Dallas
2
3.1
REIT: Urban retail properties in CA
2
3.2
REIT has 609 investment properties in 43 states & Canada
2
3.3
Ventus REIT has 1190 healthcare properties across the U.S.
2
5.1
99% invested in US Treasury bonds maturing from 2021 to 2051
2
5.2
87% investment in Government National Mortgage Association II, 8% invested in Government National Mortgage Association I, 5% cash
6
17
Perspective L Series Fixed & Variable Annuity
8
1
Mortgage paid off in 2020.
8
2
50% interest on this property.

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