The Pentagon is changing its tune on how to do business with the arms industry.
Last week, Deputy Secretary of Defense Steve Feinberg released a memo directing the Pentagon’s contracting officers to acquire “actual cost information” from arms manufacturers to support “fair and reasonable pricing” on military contracts.
The memo is an about-face on the administration’s weapons acquisition policy. So far this term, the White House has applied its laissez-faire regulatory approach to its own bilateral relationships within the arms industry, undermining the Pentagon’s ability to negotiate fair contract prices on behalf of taxpayers.
Read the full article on Forbes.

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