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Will Section 301 of SPEED Act Decrease or Increase DoD Contract Prices?

Frank Wolfe Frank Wolfe
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Will Section 301 of SPEED Act Decrease or Increase DoD Contract Prices?
Pictured is Acting DoD Comptroller and Chief Financial Officer Bryn Woollacott MacDonnell testifying before the House Appropriations Committee’s defense panel on June 10. She is a former defense aide to Rep. Ken Calvert (R-Calif.), the chair of the panel, and Rep. Doug Lamborn (R-Colo.).

House Armed Services Committee (HASC) staffers contend that removing the existing Cost Accounting Standards (CAS) mandate for a significant number of contracts at or above $7.5 million will benefit all companies seeking to compete in the DoD arena--the traditional ones, including Lockheed Martin [LMT], Boeing [BA], Northrop Grumman [NOC], RTX [RTX], and L3Harris Technologies [LHX], and non-traditional ones, including Anduril Industries and Palantir Technologies. Section 301 of the Streamlining Procurement for Effective Execution and Delivery (SPEED) Act, introduced Tuesday by…

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