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Business/Financial

Fiscal Pressures To Stretch Army GCV Technology Development By Six Months

By Cal Biesecker

Friday, January 18th, 2013

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Anticipating fiscal pressures over fiscal years 2014-2018, the Pentagon’s top acquisition official has extended by six months the Technology Development (TD) phase for the Ground Combat Vehicle Infantry Fighting Vehicle program being executed by teams led by General Dynamics [GD] and BAE Systems. “The combination of fiscal pressures and the need for additional development time led to this restructured program,” the Jan. 17 memo said. The decision was reached by Frank Kendall, Under Secretary of Defense for Acquisition, Technology and…

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