Kendall: Procurement reform squeezed by sequester

09/9/2013 | Reuters

The Pentagon has been trying to streamline and reform the way it buys technology and weapons, but that campaign is challenged by sequestration, says the department's procurement chief, Frank Kendall. With funding uncertain, the military is unlikely to launch on major acquisitions efforts, he said, and that means companies will hesitate to invest in technologies that will lower weapons cost, part of the Pentagon's procurement reform push. "Right now if I were in industry I would be hesitant to make major investments until I saw what was going to happen to the budgets and the product lines that I was interested in," he said.

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