Should the Defense Industrial Base be Saved Using Multi-year Contracts?

Download or read book Should the Defense Industrial Base be Saved Using Multi-year Contracts? written by Steven F. Cummings and published by . This book was released on 2009 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the end of the Cold War the United States Defense Industrial Base has gotten smaller by mergers and acquisitions in the market place and from pressure by government legislators looking to harvest money from the Department of Defense and specifically from the Department of the Army. One approach to easing the stress on the industrial base is for the Army to use an increased number of congressionally approved multi year procurement contracts. The critics of this practice cite the loss of flexibility to reallocate funding in the Army as well as the perceived loss in oversight by members of congress who authorize and appropriate money to the services. Should the Army pursue more multi year procurement contracts to allow the defense industry to better allocate resources or should the Army continue using shorter contracts in order to maintain funding reallocation when necessary?