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Rapidly Changing Environment Needs Streamlined Contracting, Raytheon Exec Says

By Ann Roosevelt The United States should keep an eye on acquisition developments around the world, but streamlining the process at home would help in a rapidly changing environment, according to a Raytheon [RTN] executive. "I don't think we need to reinvent contract vehicles," Smith said. "We have plenty of contract vehicles--maybe we have too many contract vehicles--because it's often confusing for those trying to buy," Daniel Smith, Raytheon vice president and president of Integrated Defense Systems (IDS), said in…

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