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Defense Secretary Pete Hegseth on Friday unveiled his vision for overhauling the Pentagon’s acquisition process to a “wartime footing,” pressing industry to deliver capabilities at “speed and volume” and to “invest their own capital to get there.” In a speech to defense industry executives, Hegseth detailed his push to transform the department’s processes for requirements, procurement and Foreign Military Sales (FMS), challenging that those who don’t shift from a risk-averse approach may “fade away.” “These changes will move us from…
