Pentagon balks at congressional bid to ease multiyear deal terms

April 6, 2015 7:03 PM

68 0

WASHINGTON, April 6 (Reuters) - The Pentagon is pushing back against congressional moves to ease requirements for multiyear weapons procurements, saying it will continue to insist that such deals generate significant savings for the government before relinquishing yearly control.

Even if Congress changes the law, U.S. Defense Undersecretary Frank Kendall said program managers would still need to show savings of "pretty darn close to 10 percent or better" to get approval to sign a contract of up to five years.

Also read: Jeffrey Tambor Wants to be in 'Arrested Development' Again Next Season

Read more

To category page