Streamlining contract management doesn’t just make your agency work better, it makes your agency work cheaper. Terry Gerton was awarded a 2012 Presidential Distinguished Rank Award for work she did when she was executive deputy to the commanding general at the Army Material Command. That work will save the Pentagon between $165 million and $185 million a year for the next five years.
Lou Crenshaw — Aerospace and Defense practice leader, Grant Thornton
Companies are figuring out how to deal with the “new normal” in the Pentagon’s budget.
In an analysis on Defense Industry Daily, Lou Crenshaw, a retired Navy vice admiral, who heads the aerospace and defense practice at Grant Thornton, pointed to five defense trends that will impact contractors in the future. They are:
A “laser focus” on cost reductions at DoD
DoD shifting risk to contractors
A crackdown on contractors’ deficient business systems by the Defense Contract Audit Agency and the Defense Contract Management Agency
Increased M&A activity
New regulations, such as those requiring contractors to ensure no counterfeit parts are sued in electronic parts supplied to DoD
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