Pentagon mulls inflation initiative after defense industry meeting

By Tony Bertuca / September 1, 2022 at 1:21 PM
Senior Pentagon officials are considering an inflation relief proposal made by key defense industry associations that would have Congress expand military funding and allow alterations to fixed-price contracts that could help companies battered by surging prices. The in-the-works proposal, backed by the Aerospace Industries Association, National Defense Industrial Association and Professional Services Council, was discussed at an Aug. 26 meeting with Pentagon Comptroller Mike McCord and Under Secretary of Defense for Acquisition and Sustainment Bill LaPlante. Multiple sources confirmed the...

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