Pentagon Acquisition Chief Seeks Greater Industry Profit Ratios Based On Performance

By Tony Bertuca / December 2, 2014 at 10:46 PM
Frank Kendall, the Pentagon's acquisition chief, intends to increase the Defense Department's profit share ratios with industry in fixed-price incentive contracts if companies bring major weapon programs in under cost. Kendall, who spoke Dec. 2 at a conference in New York hosted by Credit Suisse and McAleese & Associates, said he was "changing guidance" to acquisition program managers on the "ratio shares we use with industry." "We have to look at what I would consider to be more equitable ways...

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