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After leaving the government service in 1989,McCoy joined Thiokol as senior vice president for government relations,where he established a wide-ranging government relations program that benefited Thiokol as an aerospace company within the NASA and defense contractor communities. He was a participant in the design of the Thiokol strategy for developing a new,large solid rocket motor with the capability to repel and defeat proposals for a more expensive and potentially dangerous liquid rocket motor alternative for the Space Shuttle. He led the strategy for a team where Thiokol was a major subcontractor in winning a multi-billion-dollar Minuteman ICBM Contract. McCoy also served as President of Thiokol Technology,the inventor of the automobile airbag,where he assisted in its movement through development and to market.[citation needed]
He later founded the George Washington National Bank[8] and served as the bank's vice chairman and Chairman of the Investment Committee.[9][failed verification] In 1998,he founded Washington Capital Partners LLC,where he served as its chairman.[9][independent source needed][failed verification]
Late in 2017,McCoy co-founded the venture capital fund Iron Gate Capital Advisors.[10] The company closed the Fund at $25 Million USD mid-2023,[11] and is well underway with Fund II. The Iron Gate does both direct and indirect investments (fund of funds).[12] As Iron Gate Capital Advisors was founded,McCoy was quoted as focusing on “The Cyber-war,which is an unprecedented threat to our national security,our economic security,our personal lives,fortunes and sacred democracy."[13]
Boards and nonprofit work
McCoy has served as Chairman of the Space Transportation Association since 1996,[14] and was awarded STA's Lifetime Achievement Award in 2014.[15] STA advocates policies that advance robust,affordable space transportation for NASA,the United States Department of Defense,and commercial markets.[citation needed]
McCoy serves as the Vice Chairman of the Defense Forum Foundation,[16] a U.S. non-profit foundation dedicated to promoting a strong national defense and promoting freedom,democracy,and human rights abroad.[citation needed] It is best known for its Congressional Defense and Foreign Policy Forums,held regularly on Capitol Hill for the benefit of Congressional staff,and for its work abroad promoting the freedom,human rights,and dignity of the people of North Korea.[17][unbalanced opinion?][independent source needed]
Since May 2012,McCoy has served on the board of trustees for the Institute of World Politics,becoming the vice chairman in 2018. McCoy also serves as a Vice Chairman for the Cyber,Space &Intelligence Association,where his decades-long experience in Defense and National Security serves the mission of the organization.[18][19] Since 2022,McCoy has served as a Trustee of the Victims of Communism Memorial Foundation.[9]
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