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You are here: Home / Government Contracting News / A win-win contracting tool for the Pentagon and the private sector

January 9, 2020 By cs

A win-win contracting tool for the Pentagon and the private sector

The Defense Department is taking measures to get new capabilities to warfighters more quickly, and they’re working. One of these tools is called Other Transaction Authority. 

The Pentagon has made increasing use of this contracting method, which has existed since the space race but was expanded dramatically in the 2016 National Defense Authorization Act.

The value of Other Transaction Authority agreements has increased nearly 300% since 2016, from $1.4 billion to $3.7 billion, according to a Government Accountability Office report released in November.

The normal defense contracting system is, by all accounts, too slow. Secretary of the Army Ryan McCarthy has likened the procurement system to baseball: “It’s like having a 19-year-old kid that can throw a 100-mile-an-hour fastball but who won’t make the majors until he’s 39.”

Keep reading this article at: https://www.dailysignal.com/2019/12/30/a-win-win-contracting-tool-for-the-pentagon-and-the-private-sector/

Filed Under: Government Contracting News Tagged With: acquisition methods, DoD, GAO, industry, innovation, non-traditional contractors, OTA, other transaction agreements, other transaction authorities, other transaction authority, Pentagon, private sector, prototyping

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