Pentagon Pushes Innovation in New Acquisition Process

Posted April 13, 2015 at 5:00am

“The Pentagon formally rolled out an updated acquisition strategy Thursday that streamlines how the department buys technology and allows greater room for experimentation by defense contractors,” according to The Washington Post .  

“Companies that do business with the Pentagon can expect more incentives to innovate but also increased scrutiny of their internal research and development projects. For example, the Pentagon plans to release guidelines next month that increase the role the government will play in reviewing companies’ internal research decisions.”  

“Better Buying Power 3.0 also reiterates the Pentagon’s goal to promote competition and use a carrot-and-stick approach to reward high-performing contractors. The program expands the Pentagon’s ‘superior supplier incentive program,’ which recognizes companies that perform well on cost and on schedule.”