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Business/Financial

Budget Woes Complicate DoD Acquisition Efficiency Efforts

By Cal Biesecker

Wednesday, November 14th, 2012

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The Pentagon is struggling to cut costs and make its acquisition process faster and more affordable, but faces budget cuts and potential sequestration that would strip $500 billion in across-the-board defense cuts in January. Sequestration is a “horrible” way to take money out of the budget, Under Secretary of Defense for Acquisition, Technology and Logistics Frank Kendall said yesterday at a Pentagon briefing on the second iteration of Better Buying Power (BBP). “It flies in the face of everything we’re…

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