To help the industrial base weather tough budget times, the Defense Department should engage in selective low-rate procurements and a hedging strategy, the Pentagon's acquisition chief Frank Kendall tells lawmakers in a new report. In the department's 2012 annual industrial capabilities report sent to Congress Oct. 18, Kendall states that decreased acquisition spending due to budget cuts and sequestration will negatively impact the industrial base, potentially leading to the loss of vital national security capabilities. Because DOD cannot simply increase...
