House appropriators want flexible $12B fund to plus up DOD procurement

By Tony Bertuca / June 28, 2017 at 4:52 PM
The House Appropriations defense subcommittee wants to establish a $12 billion "National Defense Restoration Fund" that would allow the transfer of lump sums to the Pentagon for procurement programs with a 15-day notification by the defense secretary. The new fund would be "available to procure vehicles, ships, aircraft, munitions, space systems, missile defense systems, modifications to weapon systems and equipment, other procurement requirements, and emerging requirements deemed by the Secretary of Defense to be in the national security interest of...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.