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You are here: Home / Government Contracting News / Major defense contractors on panel that will direct billion-dollar defense decisions

July 18, 2017 By AMK

Major defense contractors on panel that will direct billion-dollar defense decisions

A new advisory panel has been tasked with streamlining the Department of Defense’s procurement process.

Sitting on the powerful panel: several current or former employees of major military contractors including Boeing, Lockheed Martin, and General Electric. Those corporations every year do billions of dollars of business with the Department of Defense — and have given more than $2.2 million in campaign contributions to members of the House Armed Services Committee, which is responsible for approving changes to DoD funding.

The panel’s creation, mandated by Section 809 of 2016’s National Defense Authorization Act (NDAA), has received little media attention compared to other provisions in the NDAA. But the panel will be responsible for recommending policy that affects how approximately $115 billion of taxpayer money is spent annually.

Keep reading this article at: http://www.ibtimes.com/political-capital/major-defense-contractors-panel-will-direct-billion-dollar-defense-decisions

Filed Under: Government Contracting News Tagged With: DoD, industrial base, industry, industry feedback, NDAA, Section 809 Panel

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